Concentra Group Holdings Parent (NYSE:CON) Price Target Raised to $31.00

Concentra Group Holdings Parent (NYSE:CON) had its price target boosted by Royal Bank Of Canada from $30.00 to $31.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts also recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a research report on Monday, December 29th. Zacks Research raised Concentra Group Holdings Parent from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 24th. Finally, Wall Street Zen upgraded Concentra Group Holdings Parent from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Concentra Group Holdings Parent Stock Performance

Shares of CON opened at $22.92 on Monday. The business has a 50-day simple moving average of $20.49 and a two-hundred day simple moving average of $20.81. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 4.10. Concentra Group Holdings Parent has a 52 week low of $18.55 and a 52 week high of $23.99. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.64 and a beta of 0.73.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Concentra Group Holdings Parent had a return on equity of 48.42% and a net margin of 7.33%.The company had revenue of $572.80 million during the quarter, compared to the consensus estimate of $563.08 million. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue was up 17.0% on a year-over-year basis. On average, analysts expect that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Concentra Group Holdings Parent by 1.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,308 shares of the company’s stock worth $537,000 after purchasing an additional 500 shares during the period. CWM LLC lifted its stake in Concentra Group Holdings Parent by 32.5% in the second quarter. CWM LLC now owns 2,148 shares of the company’s stock worth $44,000 after purchasing an additional 527 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Concentra Group Holdings Parent by 49.1% during the third quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock valued at $34,000 after buying an additional 528 shares during the period. Versant Capital Management Inc boosted its position in shares of Concentra Group Holdings Parent by 80.6% during the third quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock valued at $25,000 after buying an additional 531 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Concentra Group Holdings Parent by 124.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock valued at $25,000 after buying an additional 663 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.