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

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $27.75.

Several equities research analysts recently issued reports on CON shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Monday, December 29th. Zacks Research raised Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 24th. JPMorgan Chase & Co. started coverage on Concentra Group Holdings Parent in a research note on Thursday, September 18th. They set an “overweight” rating and a $31.00 target price for the company. Finally, Wall Street Zen raised Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a report on Saturday, December 27th.

Concentra Group Holdings Parent Price Performance

Shares of CON opened at $21.46 on Friday. 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 company’s fifty day simple moving average is $19.89 and its 200 day simple moving average is $20.64. Concentra Group Holdings Parent has a 1-year low of $18.55 and a 1-year high of $24.17. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.14 and a beta of 0.72.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $572.80 million during the quarter, compared to analysts’ expectations of $563.08 million. Concentra Group Holdings Parent had a net margin of 7.33% and a return on equity of 48.42%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share. On average, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Tuesday, December 2nd were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, December 2nd. Concentra Group Holdings Parent’s payout ratio is currently 20.83%.

Institutional Trading of Concentra Group Holdings Parent

A number of hedge funds have recently modified their holdings of CON. State Street Corp raised its position in shares of Concentra Group Holdings Parent by 1.3% in the second quarter. State Street Corp now owns 4,271,442 shares of the company’s stock valued at $87,864,000 after buying an additional 52,882 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Concentra Group Holdings Parent by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock worth $81,089,000 after acquiring an additional 445,449 shares during the period. Thrivent Financial for Lutherans raised its holdings in Concentra Group Holdings Parent by 41.1% in the 3rd 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. Woodline Partners LP lifted its position in shares of Concentra Group Holdings Parent by 142.7% during the 3rd quarter. Woodline Partners LP now owns 2,746,505 shares of the company’s stock valued at $57,484,000 after acquiring an additional 1,614,988 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Concentra Group Holdings Parent by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,612,000 shares of the company’s stock worth $53,736,000 after purchasing an additional 77,185 shares in 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.