Concentra Group Holdings Parent (NYSE:CON) Price Target Raised to $28.00

Concentra Group Holdings Parent (NYSE:CON) had its price target increased by Wells Fargo & Company from $25.00 to $28.00 in a research report sent to investors on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

CON has been the subject of several other reports. Royal Bank Of Canada increased their price target on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Zacks Research upgraded 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 Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Concentra Group Holdings Parent currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock opened at $22.80 on Thursday. The company has a debt-to-equity ratio of 3.90, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day simple moving average of $22.14 and a 200-day simple moving average of $21.22. Concentra Group Holdings Parent has a 12 month low of $18.55 and a 12 month high of $24.68. The stock has a market capitalization of $2.93 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.18 and a beta of 0.60.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The firm 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%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business earned $0.17 earnings per share. Equities analysts predict that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 12th will be issued a $0.0625 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.1%. Concentra Group Holdings Parent’s dividend payout ratio is currently 19.23%.

Institutional Trading of Concentra Group Holdings Parent

Several large investors have recently bought and sold shares of CON. Oregon Public Employees Retirement Fund grew its stake in Concentra Group Holdings Parent by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,308 shares of the company’s stock valued at $537,000 after acquiring an additional 500 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Concentra Group Holdings Parent by 32.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,118 shares of the company’s stock valued at $42,000 after buying an additional 514 shares during the last quarter. CWM LLC increased its position in Concentra Group Holdings Parent by 32.5% during the second quarter. CWM LLC now owns 2,148 shares of the company’s stock worth $44,000 after buying an additional 527 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Concentra Group Holdings Parent by 80.6% in the third quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock worth $25,000 after acquiring an additional 531 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position 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 valued at $25,000 after acquiring an additional 663 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.