Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $30.00.

CON has been the subject of several research reports. Wall Street Zen raised Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. 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 research note 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, Wells Fargo & Company upped their target price on Concentra Group Holdings Parent from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, March 5th.

Concentra Group Holdings Parent Trading Down 0.8%

Shares of CON stock opened at $22.82 on Friday. The stock has a 50-day simple moving average of $22.53 and a 200 day simple moving average of $21.24. Concentra Group Holdings Parent has a fifty-two week low of $18.55 and a fifty-two week high of $24.68. The stock has a market capitalization of $2.93 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.18 and a beta of 0.82. 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 (NYSE:CON) last announced its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share 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 business earned $0.17 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 12th were issued 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 of this dividend was Thursday, March 12th. Concentra Group Holdings Parent’s dividend payout ratio is currently 19.23%.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc lifted its holdings in shares of 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 valued at $25,000 after purchasing an additional 531 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Concentra Group Holdings Parent by 124.6% during the second 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 last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Concentra Group Holdings Parent by 2,784.0% during the third 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 lifted its holdings in shares of Concentra Group Holdings Parent by 49.1% during the third 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 purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at $35,000.

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.