Analysts Set Concentra Group Holdings Parent, Inc. (NYSE:CON) Price Target at $30.00

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $30.00.

CON has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Concentra Group Holdings Parent from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Monday, December 29th. Royal Bank Of Canada lifted their price target on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Zacks Research upgraded shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 24th. Finally, Wall Street Zen raised shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th.

Institutional Investors Weigh In On Concentra Group Holdings Parent

A number of institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its position in shares of Concentra Group Holdings Parent by 1.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 27,308 shares of the company’s stock valued at $537,000 after acquiring an additional 500 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Concentra Group Holdings Parent by 32.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,118 shares of the company’s stock worth $42,000 after purchasing an additional 514 shares in the last quarter. Versant Capital Management Inc raised its stake in Concentra Group Holdings Parent by 80.6% during the 3rd quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock valued at $25,000 after purchasing an additional 531 shares during the period. EverSource Wealth Advisors LLC raised its stake in Concentra Group Holdings Parent by 124.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock valued at $25,000 after purchasing an additional 663 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in Concentra Group Holdings Parent by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 22,750 shares of the company’s stock worth $448,000 after purchasing an additional 690 shares in the last quarter.

Concentra Group Holdings Parent Price Performance

Shares of Concentra Group Holdings Parent stock opened at $20.92 on Wednesday. The stock has a market cap of $2.69 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.07 and a beta of 0.82. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s fifty day moving average is $22.69 and its 200 day moving average is $21.08. Concentra Group Holdings Parent has a one year low of $18.55 and a one year high of $24.68.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. Concentra Group Holdings Parent had a return on equity of 48.46% and a net margin of 7.69%.The business had revenue of $539.08 million during the quarter. During the same period in the prior year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Sell-side analysts anticipate that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 12th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.25 annualized dividend and a yield of 1.2%. Concentra Group Holdings Parent’s dividend payout ratio is currently 19.23%.

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.