Analysts Set Concentra Group Holdings Parent, Inc. (NYSE:CON) Price Target at $30.20

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $31.40.

A number of equities research analysts have recently weighed in on CON shares. The Goldman Sachs Group began coverage on Concentra Group Holdings Parent in a research note on Friday, June 5th. They set a “buy” rating and a $30.00 price target on the stock. Weiss Ratings upgraded shares of Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. William Blair assumed coverage on shares of Concentra Group Holdings Parent in a research report on Wednesday, July 1st. They set an “outperform” rating on the stock. Finally, Truist Financial raised their price target on shares of Concentra Group Holdings Parent from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday.

Concentra Group Holdings Parent Stock Performance

Shares of CON opened at $31.59 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 3.62. The firm has a market cap of $4.04 billion, a PE ratio of 22.73, a P/E/G ratio of 1.39 and a beta of 0.64. Concentra Group Holdings Parent has a 12 month low of $18.55 and a 12 month high of $32.35. The stock has a fifty day moving average price of $27.81 and a 200-day moving average price of $24.16.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Thursday, May 7th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. Concentra Group Holdings Parent had a return on equity of 47.14% and a net margin of 7.97%.The firm had revenue of $569.55 million for the quarter, compared to the consensus estimate of $553.53 million. During the same period in the previous year, the business earned $0.32 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities research analysts predict that Concentra Group Holdings Parent will post 1.52 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 19th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Concentra Group Holdings Parent’s dividend payout ratio is presently 17.99%.

Insider Transactions at Concentra Group Holdings Parent

In related news, Director Robert A. Ortenzio sold 130,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $30.50, for a total value of $3,965,000.00. Following the completion of the transaction, the director owned 633,455 shares in the company, valued at $19,320,377.50. This trade represents a 17.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 390,000 shares of company stock valued at $10,465,000. Company insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CON. EverSource Wealth Advisors LLC lifted its holdings 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 worth $25,000 after purchasing an additional 663 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Concentra Group Holdings Parent by 2,784.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 1,392 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Concentra Group Holdings Parent by 49.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock valued at $34,000 after acquiring an additional 528 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth $35,000. Finally, Osaic Holdings Inc. raised its holdings in shares of Concentra Group Holdings Parent by 59.5% during the second quarter. Osaic Holdings Inc. now owns 2,041 shares of the company’s stock worth $42,000 after purchasing an additional 761 shares during the last quarter.

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.