Concentra Group Holdings Parent (NYSE:CON) Price Target Raised to $31.00 at Royal Bank Of Canada

Concentra Group Holdings Parent (NYSE:CON) had its price target raised by Royal Bank Of Canada from $30.00 to $31.00 in a research report sent to investors on Monday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on CON. Wall Street Zen upgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research report on Monday, December 29th. Finally, Zacks Research upgraded Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 24th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Concentra Group Holdings Parent has an average rating of “Moderate Buy” and a consensus price target of $29.00.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $22.21 on Monday. 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 firm has a fifty day simple moving average of $20.41 and a two-hundred day simple moving average of $20.77. Concentra Group Holdings Parent has a 12 month low of $18.55 and a 12 month high of $23.99. The firm has a market capitalization of $2.85 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.59 and a beta of 0.72.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $572.80 million during the quarter, compared to the consensus estimate of $563.08 million. Concentra Group Holdings Parent had a return on equity of 48.42% and a net margin of 7.33%.The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. Analysts forecast that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Tuesday, December 2nd were given a $0.0625 dividend. The ex-dividend date was Tuesday, December 2nd. This represents a $0.25 annualized dividend and a dividend yield of 1.1%. Concentra Group Holdings Parent’s payout ratio is 20.83%.

Institutional Trading of Concentra Group Holdings Parent

A number of institutional investors have recently added to or reduced their stakes in CON. Versant Capital Management Inc boosted its stake in Concentra Group Holdings Parent by 80.6% in the 3rd quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock worth $25,000 after purchasing an additional 531 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Concentra Group Holdings Parent by 124.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock worth $25,000 after buying an additional 663 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Concentra Group Holdings Parent by 2,784.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 1,392 shares during the period. Public Employees Retirement System of Ohio grew its stake in Concentra Group Holdings Parent by 49.1% during the third quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock valued at $34,000 after acquiring an additional 528 shares in the last quarter. Finally, MAI Capital Management grew its stake in Concentra Group Holdings Parent by 48,400.0% during the second quarter. MAI Capital Management now owns 1,940 shares of the company’s stock valued at $40,000 after acquiring an additional 1,936 shares in the last quarter.

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.