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

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $27.75.

Several brokerages have recently commented on CON. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday, December 22nd. Zacks Research raised shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 24th. Wall Street Zen upgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a report on Saturday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Concentra Group Holdings Parent in a research report on Thursday, September 18th. They issued an “overweight” rating and a $31.00 target price on the stock.

Concentra Group Holdings Parent Price Performance

Shares of Concentra Group Holdings Parent stock opened at $20.08 on Monday. Concentra Group Holdings Parent has a 52 week low of $18.55 and a 52 week high of $24.17. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 4.10. The stock has a market cap of $2.57 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.41 and a beta of 0.70. The company’s 50-day moving average price is $19.90 and its two-hundred day moving average price is $20.73.

Concentra Group Holdings Parent (NYSE:CON) last released its earnings results on Tuesday, November 12th. The company reported $0.37 EPS for the quarter. The business had revenue of $489.64 million for the quarter. Concentra Group Holdings Parent had a net margin of 7.33% and a return on equity of 48.42%. As a group, sell-side analysts anticipate that Concentra Group Holdings Parent will post 1.47 EPS 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 1.2%. Concentra Group Holdings Parent’s payout ratio is currently 20.83%.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Hedge funds have recently bought and sold shares of the business. Millennium Management LLC raised its holdings in shares of Concentra Group Holdings Parent by 891.3% during the 1st quarter. Millennium Management LLC now owns 1,494,581 shares of the company’s stock valued at $32,432,000 after purchasing an additional 1,343,816 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Concentra Group Holdings Parent by 13.6% in the first quarter. Raymond James Financial Inc. now owns 286,254 shares of the company’s stock worth $6,212,000 after purchasing an additional 34,306 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Concentra Group Holdings Parent during the second quarter worth $1,427,000. American Century Companies Inc. raised its holdings in Concentra Group Holdings Parent by 115.3% during the first quarter. American Century Companies Inc. now owns 113,346 shares of the company’s stock valued at $2,460,000 after buying an additional 60,711 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Concentra Group Holdings Parent by 2.7% in the second quarter. First Eagle Investment Management LLC now owns 324,259 shares of the company’s stock worth $6,670,000 after buying an additional 8,500 shares during the last quarter.

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.