Brokerages Set Concentra Group Holdings Parent, Inc. (NYSE:CON) Price Target at $27.75

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been assigned an average recommendation of “Moderate Buy” from the four brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $28.00.

A number of research firms have weighed in on CON. Zacks Research raised Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 24th. Wall Street Zen upgraded Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday, December 29th.

Concentra Group Holdings Parent Stock Down 1.1%

Shares of NYSE:CON opened at $21.75 on Friday. Concentra Group Holdings Parent has a 1-year low of $18.55 and a 1-year high of $24.17. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $2.79 billion, a P/E ratio of 18.13, a P/E/G ratio of 2.31 and a beta of 0.72. The firm has a fifty day moving average price of $20.10 and a 200 day moving average price of $20.68.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Thursday, November 6th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Concentra Group Holdings Parent had a net margin of 7.33% and a return on equity of 48.42%. The business had revenue of $572.80 million during the quarter, compared to analysts’ expectations of $563.08 million. During the same period in the prior year, the company earned $0.37 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. Sell-side analysts predict that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Tuesday, December 2nd were issued a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $0.25 annualized dividend and a dividend yield of 1.1%. Concentra Group Holdings Parent’s payout ratio is presently 20.83%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Concentra Group Holdings Parent by 1.3% in the 2nd quarter. State Street Corp now owns 4,271,442 shares of the company’s stock valued at $87,864,000 after purchasing an additional 52,882 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Concentra Group Holdings Parent by 13.0% in the third quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock valued at $81,089,000 after buying an additional 445,449 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Concentra Group Holdings Parent by 41.1% in the third quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock valued at $67,934,000 after buying an additional 945,303 shares in the last quarter. Woodline Partners LP grew its holdings in Concentra Group Holdings Parent by 142.7% during the third quarter. Woodline Partners LP now owns 2,746,505 shares of the company’s stock worth $57,484,000 after acquiring an additional 1,614,988 shares during the period. Finally, Geode Capital Management LLC raised its position in Concentra Group Holdings Parent by 3.0% in the second quarter. Geode Capital Management LLC now owns 2,612,000 shares of the company’s stock worth $53,736,000 after acquiring an additional 77,185 shares in the last quarter.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent (NYSE:CON) is a Canada-based financial services holding company that specializes in serving Canadian credit unions and their members. Through its operating subsidiaries, the group provides wholesale funding, lending solutions and investment management services tailored to the unique needs of cooperative financial institutions. Concentra’s broad suite of offerings includes trust and custody services, mortgage investment products and equipment financing, all designed to support credit-union growth and stability.

In addition to wholesale funding and lending, Concentra Group Holdings Parent distributes life and general insurance products through affiliated insurance brokers and credit-union channels.