Concentra Group Holdings Parent, Inc. (NYSE:CON – Get Free Report) has received a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $31.40.
Several research analysts have recently issued reports on CON shares. William Blair assumed coverage on Concentra Group Holdings Parent in a research note on Wednesday, July 1st. They set an “outperform” rating for the company. Weiss Ratings raised shares of Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. The Goldman Sachs Group assumed coverage on shares of Concentra Group Holdings Parent in a report on Friday, June 5th. They set a “buy” rating and a $30.00 target price for the company. Finally, Truist Financial lifted their target price on shares of Concentra Group Holdings Parent from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday.
Insider Buying and Selling at Concentra Group Holdings Parent
Institutional Investors Weigh In On Concentra Group Holdings Parent
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Concentra Group Holdings Parent during the fourth quarter valued at $43,404,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Concentra Group Holdings Parent in the 3rd quarter valued at about $35,124,000. 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. Jennison Associates LLC lifted its holdings in Concentra Group Holdings Parent by 195.8% in the 1st quarter. Jennison Associates LLC now owns 2,172,291 shares of the company’s stock valued at $46,596,000 after purchasing an additional 1,437,912 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Concentra Group Holdings Parent by 13.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock valued at $81,089,000 after purchasing an additional 445,449 shares in the last quarter.
Concentra Group Holdings Parent Stock Performance
NYSE CON opened at $30.88 on Friday. The business has a 50 day moving average price of $27.50 and a 200 day moving average price of $24.00. The company has a market capitalization of $3.95 billion, a P/E ratio of 22.22, a PEG ratio of 1.43 and a beta of 0.64. Concentra Group Holdings Parent has a 1-year low of $18.55 and a 1-year high of $32.35. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.26 and a quick ratio of 1.26.
Concentra Group Holdings Parent (NYSE:CON – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $569.55 million for the quarter, compared to the consensus estimate of $553.53 million. Concentra Group Holdings Parent had a return on equity of 47.14% and a net margin of 7.97%.Concentra Group Holdings Parent’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. Sell-side analysts expect that Concentra Group Holdings Parent will post 1.52 EPS for the current fiscal year.
Concentra Group Holdings Parent Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 19th were given a $0.0625 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. Concentra Group Holdings Parent’s dividend payout ratio is currently 17.99%.
Concentra Group Holdings Parent Company Profile
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.
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