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

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $27.75.

Several brokerages have commented on CON. Zacks Research upgraded shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research report on Monday, December 29th. 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.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON opened at $21.95 on Friday. The stock’s fifty day simple moving average is $20.02 and its 200 day simple moving average is $20.66. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 2.26 and a beta of 0.72. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 4.10. Concentra Group Holdings Parent has a 52-week low of $18.55 and a 52-week high of $24.17.

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 the consensus estimate of $0.37 by $0.02. The business had revenue of $572.80 million during the quarter, compared to the consensus estimate of $563.08 million. Concentra Group Holdings Parent had a return on equity of 48.42% and a net margin of 7.33%.Concentra Group Holdings Parent’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. As a group, sell-side analysts forecast that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

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

Institutional Investors Weigh In On Concentra Group Holdings Parent

Several hedge funds have recently bought and sold shares of CON. Harbor Capital Advisors Inc. grew its stake in Concentra Group Holdings Parent by 24.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 71,040 shares of the company’s stock valued at $1,398,000 after acquiring an additional 13,993 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth approximately $77,000. SG Americas Securities LLC boosted its holdings in shares of Concentra Group Holdings Parent by 168.4% during the fourth quarter. SG Americas Securities LLC now owns 60,711 shares of the company’s stock worth $1,195,000 after purchasing an additional 38,093 shares during the period. Central Pacific Bank Trust Division grew its position in Concentra Group Holdings Parent by 14.4% during the fourth quarter. Central Pacific Bank Trust Division now owns 13,594 shares of the company’s stock valued at $268,000 after purchasing an additional 1,711 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Concentra Group Holdings Parent by 13.0% during the third quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock valued at $81,089,000 after purchasing an additional 445,449 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.