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

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $30.00.

Several analysts have weighed in on the stock. 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. Zacks Research upgraded shares of Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 24th. Royal Bank Of Canada boosted their price objective on shares of Concentra Group Holdings Parent from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Wells Fargo & Company upped their target price 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research note on Monday, December 29th.

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON opened at $21.44 on Wednesday. Concentra Group Holdings Parent has a fifty-two week low of $18.55 and a fifty-two week high of $24.68. The company has a market cap of $2.76 billion, a PE ratio of 16.49, a P/E/G ratio of 1.08 and a beta of 0.60. 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 business has a 50-day simple moving average of $22.73 and a two-hundred day simple moving average of $21.09.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data 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 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 revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS. As a group, equities analysts expect that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 12th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.2%. Concentra Group Holdings Parent’s dividend payout ratio is currently 19.23%.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC purchased a new stake in Concentra Group Holdings Parent in the fourth quarter valued at approximately $848,000. Invesco Ltd. raised its position in Concentra Group Holdings Parent by 6.3% during the 4th quarter. Invesco Ltd. now owns 553,118 shares of the company’s stock worth $10,885,000 after buying an additional 32,713 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Concentra Group Holdings Parent during the 4th quarter worth approximately $213,000. Mackenzie Financial Corp lifted its stake in Concentra Group Holdings Parent by 5.3% during the 4th quarter. Mackenzie Financial Corp now owns 32,803 shares of the company’s stock valued at $653,000 after acquiring an additional 1,649 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Concentra Group Holdings Parent by 20.9% in the 4th quarter. Empowered Funds LLC now owns 17,591 shares of the company’s stock valued at $346,000 after acquiring an additional 3,042 shares during 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.