Royal Bank Of Canada Boosts Concentra Group Holdings Parent (NYSE:CON) Price Target to $42.00

Concentra Group Holdings Parent (NYSE:CONGet Free Report) had its price objective upped by analysts at Royal Bank Of Canada from $36.00 to $42.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 25.65% from the company’s previous close.

Several other equities analysts have also recently issued reports on CON. The Goldman Sachs Group started coverage on Concentra Group Holdings Parent in a report on Friday, June 5th. They set a “buy” rating and a $30.00 price objective for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Concentra Group Holdings Parent in a report on Friday. William Blair began coverage on Concentra Group Holdings Parent in a research report on Wednesday, July 1st. They issued an “outperform” rating for the company. Finally, Truist Financial lifted their price target on Concentra Group Holdings Parent from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Concentra Group Holdings Parent presently has an average rating of “Moderate Buy” and a consensus target price of $33.60.

Read Our Latest Analysis on CON

Concentra Group Holdings Parent Price Performance

CON traded down $0.64 on Monday, hitting $33.42. 201,749 shares of the company were exchanged, compared to its average volume of 907,040. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.38 and a current ratio of 1.38. The business’s fifty day moving average is $29.80 and its 200 day moving average is $25.44. Concentra Group Holdings Parent has a fifty-two week low of $18.55 and a fifty-two week high of $35.15. The firm has a market capitalization of $4.26 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 1.53 and a beta of 0.61.

Concentra Group Holdings Parent (NYSE:CONGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The company had revenue of $606.03 million during the quarter, compared to the consensus estimate of $591.75 million. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $0.37 EPS. As a group, sell-side analysts anticipate that Concentra Group Holdings Parent will post 1.55 EPS for the current year.

Insider Activity

In related news, Director Robert A. Ortenzio sold 130,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $31.84, for a total value of $4,139,200.00. Following the sale, the director owned 503,455 shares of the company’s stock, valued at approximately $16,030,007.20. This represents a 20.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 390,000 shares of company stock worth $11,354,200. Insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Several hedge funds have recently bought and sold shares of CON. State Street Corp lifted its position in shares of Concentra Group Holdings Parent by 0.5% in the fourth quarter. State Street Corp now owns 4,446,551 shares of the company’s stock valued at $87,508,000 after acquiring an additional 22,442 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Concentra Group Holdings Parent by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,107,254 shares of the company’s stock worth $66,645,000 after purchasing an additional 144,379 shares in the last quarter. Geode Capital Management LLC increased its position in Concentra Group Holdings Parent by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,851,717 shares of the company’s stock worth $56,130,000 after purchasing an additional 19,122 shares in the last quarter. Woodline Partners LP raised its stake in Concentra Group Holdings Parent by 142.7% in the 3rd quarter. Woodline Partners LP now owns 2,746,505 shares of the company’s stock valued at $57,484,000 after purchasing an additional 1,614,988 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Concentra Group Holdings Parent by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,668,512 shares of the company’s stock valued at $57,238,000 after purchasing an additional 41,891 shares during the last quarter.

Concentra Group Holdings Parent Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Concentra Group Holdings Parent (NYSE:CON)

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