Concentra Group Holdings Parent (NYSE:CON) Given New $42.00 Price Target at Royal Bank Of Canada

Concentra Group Holdings Parent (NYSE:CON) had its target price boosted by equities researchers at Royal Bank Of Canada from $36.00 to $42.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 25.65% from the company’s current price.

Several other research firms have also commented on CON. Weiss Ratings reiterated a “buy (b-)” rating on shares of Concentra Group Holdings Parent in a research note on Friday. Truist Financial raised their price target on Concentra Group Holdings Parent from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. William Blair began coverage on Concentra Group Holdings Parent in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Concentra Group Holdings Parent in a research note on Friday, June 5th. They set a “buy” rating and a $30.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.60.

Concentra Group Holdings Parent Trading Down 1.9%

CON stock traded down $0.64 during midday trading on Monday, hitting $33.42. The stock had a trading volume of 201,749 shares, compared to its average volume of 907,040. The firm has a market cap of $4.26 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 1.53 and a beta of 0.61. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.38 and a quick ratio of 1.38. Concentra Group Holdings Parent has a 12-month low of $18.55 and a 12-month high of $35.15. The company’s 50-day moving average price is $29.80 and its 200 day moving average price is $25.44.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. Concentra Group Holdings Parent had a return on equity of 47.81% and a net margin of 8.69%.The company had revenue of $606.03 million for the quarter, compared to analyst estimates of $591.75 million. During the same quarter in the prior year, the company posted $0.37 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities research analysts predict that Concentra Group Holdings Parent will post 1.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Concentra Group Holdings Parent news, Director Robert A. Ortenzio sold 130,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $31.84, for a total transaction of $4,139,200.00. Following the completion of the sale, the director owned 503,455 shares of the company’s stock, valued at approximately $16,030,007.20. The trade was a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 390,000 shares of company stock valued at $11,354,200 in the last 90 days. 8.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Concentra Group Holdings Parent

A number of large investors have recently modified their holdings of the company. Hussman Strategic Advisors Inc. purchased a new position in Concentra Group Holdings Parent in the fourth quarter valued at about $1,240,000. Tributary Capital Management LLC grew its stake in shares of Concentra Group Holdings Parent by 12.4% in the fourth quarter. Tributary Capital Management LLC now owns 566,839 shares of the company’s stock valued at $11,155,000 after buying an additional 62,573 shares in the last quarter. Norges Bank purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at about $43,404,000. First Eagle Investment Management LLC lifted its position in Concentra Group Holdings Parent by 18.4% during the 4th quarter. First Eagle Investment Management LLC now owns 383,206 shares of the company’s stock worth $7,541,000 after acquiring an additional 59,500 shares in the last quarter. Finally, Brant Point Investment Management LLC purchased a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $5,235,000.

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.