Wells Fargo & Company Issues Positive Forecast for Concentra Group Holdings Parent (NYSE:CON) Stock Price

Concentra Group Holdings Parent (NYSE:CONGet Free Report) had its price target lifted by equities researchers at Wells Fargo & Company from $28.00 to $40.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 17.58% from the company’s previous close.

A number of other analysts have also recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Concentra Group Holdings Parent in a research report on Friday. Truist Financial lifted their price target on shares of Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Monday. William Blair initiated coverage on shares of Concentra Group Holdings Parent in a report on Wednesday, July 1st. They issued an “outperform” rating for the company. Royal Bank Of Canada upped their price objective on shares of Concentra Group Holdings Parent from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, The Goldman Sachs Group began coverage on shares of Concentra Group Holdings Parent in a report on Friday, June 5th. They set a “buy” rating and a $30.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.00.

Check Out Our Latest Stock Report on Concentra Group Holdings Parent

Concentra Group Holdings Parent Price Performance

NYSE:CON opened at $34.02 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.22. Concentra Group Holdings Parent has a 52 week low of $18.55 and a 52 week high of $35.15. The stock’s 50-day moving average price is $29.98 and its 200-day moving average price is $25.53. The stock has a market capitalization of $4.34 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 1.53 and a beta of 0.61.

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

Insider Activity at Concentra Group Holdings Parent

In related news, Director Robert A. Ortenzio sold 130,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $31.84, for a total transaction of $4,139,200.00. Following the completion of the transaction, the director directly owned 503,455 shares in the company, valued at $16,030,007.20. This trade represents a 20.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 390,000 shares of company stock worth $11,354,200 in the last ninety days. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Several large investors have recently bought and sold shares of the business. Tributary Capital Management LLC lifted its stake in Concentra Group Holdings Parent by 12.4% in the 4th quarter. Tributary Capital Management LLC now owns 566,839 shares of the company’s stock valued at $11,155,000 after buying an additional 62,573 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at $1,240,000. Norges Bank acquired a new stake in Concentra Group Holdings Parent during the fourth quarter worth about $43,404,000. First Eagle Investment Management LLC raised its holdings in shares of Concentra Group Holdings Parent by 18.4% in the 4th quarter. First Eagle Investment Management LLC now owns 383,206 shares of the company’s stock worth $7,541,000 after purchasing an additional 59,500 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $1,089,000.

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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