Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives $29.00 Consensus Price Target from Brokerages

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $29.00.

Several equities analysts recently commented on the company. Wall Street Zen upgraded Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Royal Bank Of Canada increased their price objective on Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Zacks Research raised Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 24th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday, December 29th.

Concentra Group Holdings Parent Stock Performance

NYSE:CON opened at $23.52 on Tuesday. The firm has a market capitalization of $3.02 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.69 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 12-month low of $18.55 and a 12-month high of $24.68. The firm has a 50-day moving average price of $21.06 and a 200 day moving average price of $21.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in Concentra Group Holdings Parent in the 4th quarter valued at $43,404,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $35,124,000. Woodline Partners LP increased its stake in shares of Concentra Group Holdings Parent by 142.7% in the third quarter. Woodline Partners LP now owns 2,746,505 shares of the company’s stock valued at $57,484,000 after buying an additional 1,614,988 shares in the last quarter. Tributary Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent in the third quarter valued at about $21,109,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Concentra Group Holdings Parent by 41.1% in the third quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock valued at $67,934,000 after buying an additional 945,303 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.