Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives $30.00 Consensus Price Target from Brokerages

Concentra Group Holdings Parent, Inc. (NYSE:CON) has earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.00.

Several analysts have recently issued reports on CON shares. Wells Fargo & Company upped their target price on shares of 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 report on Monday, December 29th. Wall Street Zen upgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. 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, Royal Bank Of Canada upped 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.

Concentra Group Holdings Parent Stock Up 1.6%

Shares of NYSE CON opened at $21.33 on Wednesday. The firm’s 50-day moving average price is $22.66 and its 200-day moving average price is $21.09. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.90. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.07 and a beta of 0.82. Concentra Group Holdings Parent has a 12-month low of $18.55 and a 12-month high of $24.68.

Concentra Group Holdings Parent (NYSE:CON) last announced its 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. The firm had revenue of $539.08 million for the quarter. Concentra Group Holdings Parent had a net margin of 7.69% and a return on equity of 48.46%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. On average, equities research analysts anticipate that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

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

Hedge Funds Weigh In On Concentra Group Holdings Parent

Several hedge funds have recently added to or reduced their stakes in CON. Royal Bank of Canada grew its holdings in Concentra Group Holdings Parent by 7.6% during the 1st 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 Concentra Group Holdings Parent during the 1st quarter valued at about $293,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Concentra Group Holdings Parent by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,515 shares of the company’s stock valued at $1,422,000 after purchasing an additional 2,873 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Concentra Group Holdings Parent by 48.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,329,498 shares of the company’s stock valued at $28,850,000 after purchasing an additional 434,503 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Concentra Group Holdings Parent by 10.4% during the 1st 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 purchasing an additional 19,846 shares during 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.