Concentra Group Holdings Parent (NYSE:CON) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Concentra Group Holdings Parent (NYSE:CON) had its target price lifted by research analysts at Wells Fargo & Company from $25.00 to $28.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 20.64% from the stock’s current price.

Several other research firms have also recently commented on CON. Zacks Research raised Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 24th. Royal Bank Of Canada raised their target price on Concentra Group Holdings Parent from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Concentra Group Holdings Parent currently has an average rating of “Moderate Buy” and an average target price of $30.00.

Concentra Group Holdings Parent Stock Performance

CON traded down $0.35 during trading on Thursday, hitting $23.21. 96,361 shares of the stock were exchanged, compared to its average volume of 996,464. The firm has a market capitalization of $2.99 billion, a P/E ratio of 17.85, a PEG ratio of 1.21 and a beta of 0.60. The stock has a fifty day moving average price of $22.01 and a two-hundred day moving average price of $21.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.90. Concentra Group Holdings Parent has a 1-year low of $18.55 and a 1-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, topping analysts’ consensus estimates 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 firm had revenue of $539.08 million for the quarter. During the same period in the prior year, the business earned $0.17 EPS. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts predict that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Institutional Investors Weigh In On Concentra Group Holdings Parent

A number of large investors have recently added to or reduced their stakes in CON. Royal Bank of Canada boosted its holdings in Concentra Group Holdings Parent by 7.6% in the first quarter. Royal Bank of Canada now owns 81,441 shares of the company’s stock valued at $1,767,000 after purchasing an additional 5,754 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent during the first quarter worth about $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Concentra Group Holdings Parent by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,515 shares of the company’s stock valued at $1,422,000 after buying an additional 2,873 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Concentra Group Holdings Parent by 48.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,329,498 shares of the company’s stock valued at $28,850,000 after buying an additional 434,503 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Concentra Group Holdings Parent by 10.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,526 shares of the company’s stock valued at $4,568,000 after buying an additional 19,846 shares in the last quarter.

About Concentra Group Holdings Parent

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.