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

Concentra Group Holdings Parent, Inc. (NYSE:CON) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $30.00.

CON has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Monday, December 29th. Wells Fargo & Company boosted their price objective 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. 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, Zacks Research raised Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 24th.

Concentra Group Holdings Parent Stock Up 0.1%

CON stock opened at $22.47 on Friday. Concentra Group Holdings Parent has a 52 week low of $18.55 and a 52 week high of $24.68. The business has a 50-day simple moving average of $22.29 and a 200 day simple moving average of $21.21. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.90. The company has a market cap of $2.89 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings data 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 net margin of 7.69% and a return on equity of 48.46%. The firm had revenue of $539.08 million for the quarter. During the same quarter in the previous year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Sell-side analysts anticipate that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 12th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, March 12th. Concentra Group Holdings Parent’s dividend payout ratio is currently 19.23%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in Concentra Group Holdings Parent by 80.6% during the third quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock worth $25,000 after acquiring an additional 531 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Concentra Group Holdings Parent by 124.6% in 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 in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Concentra Group Holdings Parent by 2,784.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 1,392 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Concentra Group Holdings Parent by 49.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock valued at $34,000 after purchasing an additional 528 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth approximately $35,000.

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.