Analysts Set Concentra Group Holdings Parent, Inc. (NYSE:CON) Price Target at $30.00

Concentra Group Holdings Parent, Inc. (NYSE:CON) has received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $30.00.

A number of research analysts have recently weighed in on CON shares. Wells Fargo & Company upped their price target on Concentra Group Holdings Parent from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Zacks Research raised shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 24th. Wall Street Zen raised shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research report on Monday, December 29th. Finally, Royal Bank Of Canada lifted their target price on shares of 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.

Institutional Investors Weigh In On Concentra Group Holdings Parent

A number of hedge funds and other institutional investors have recently made changes to their positions in CON. Thrivent Financial for Lutherans raised its position in Concentra Group Holdings Parent by 41.1% during the third quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company’s stock valued at $67,934,000 after acquiring an additional 945,303 shares in the last quarter. Granite Investment Partners LLC bought a new stake in Concentra Group Holdings Parent in the second quarter worth approximately $3,855,000. First Eagle Investment Management LLC increased its stake in shares of Concentra Group Holdings Parent by 2.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 324,259 shares of the company’s stock worth $6,670,000 after purchasing an additional 8,500 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Concentra Group Holdings Parent by 64.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 291,787 shares of the company’s stock valued at $6,107,000 after purchasing an additional 114,546 shares in the last quarter. Finally, HBK Investments L P lifted its stake in shares of Concentra Group Holdings Parent by 14.4% in the 2nd quarter. HBK Investments L P now owns 876,155 shares of the company’s stock valued at $18,023,000 after purchasing an additional 110,045 shares during the last quarter.

Concentra Group Holdings Parent Stock Down 1.0%

Shares of NYSE:CON opened at $22.59 on Friday. The firm has a 50 day simple moving average of $22.19 and a 200 day simple moving average of $21.21. Concentra Group Holdings Parent has a 52 week low of $18.55 and a 52 week high of $24.68. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $2.91 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.18 and a beta of 0.59.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $539.08 million for the quarter. Concentra Group Holdings Parent had a net margin of 7.69% and a return on equity of 48.46%. Concentra Group Holdings Parent’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share. As a group, research analysts expect that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 12th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.25 dividend on an annualized basis and a yield of 1.1%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 19.23%.

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.