Wall Street Zen Upgrades Concentra Group Holdings Parent (NYSE:CON) to “Buy”

Concentra Group Holdings Parent (NYSE:CON) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other equities analysts have also issued reports about the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Concentra Group Holdings Parent in a report on Monday, December 22nd. JPMorgan Chase & Co. assumed coverage on Concentra Group Holdings Parent in a research report on Thursday, September 18th. They set an “overweight” rating and a $31.00 price objective for the company. Finally, Zacks Research lowered Concentra Group Holdings Parent from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.75.

Concentra Group Holdings Parent Stock Up 1.1%

Shares of NYSE:CON opened at $20.08 on Friday. The company’s fifty day moving average is $19.90 and its two-hundred day moving average is $20.73. The company has a debt-to-equity ratio of 4.10, a quick ratio of 1.20 and a current ratio of 1.20. Concentra Group Holdings Parent has a 1-year low of $18.55 and a 1-year high of $24.17. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 2.41 and a beta of 0.70.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.37 EPS for the quarter. The business had revenue of $489.64 million during the quarter. Concentra Group Holdings Parent had a net margin of 7.33% and a return on equity of 48.42%. Equities analysts anticipate that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Institutional Investors Weigh In On Concentra Group Holdings Parent

A number of hedge funds and other institutional investors have recently modified their holdings of CON. Millennium Management LLC increased its holdings in shares of Concentra Group Holdings Parent by 891.3% in the first quarter. Millennium Management LLC now owns 1,494,581 shares of the company’s stock valued at $32,432,000 after buying an additional 1,343,816 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Concentra Group Holdings Parent by 13.6% during the 1st quarter. Raymond James Financial Inc. now owns 286,254 shares of the company’s stock worth $6,212,000 after acquiring an additional 34,306 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Concentra Group Holdings Parent in the 2nd quarter worth $1,427,000. American Century Companies Inc. grew its holdings in shares of Concentra Group Holdings Parent by 115.3% in the 1st quarter. American Century Companies Inc. now owns 113,346 shares of the company’s stock worth $2,460,000 after acquiring an additional 60,711 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Concentra Group Holdings Parent by 2.7% during the second quarter. First Eagle Investment Management LLC now owns 324,259 shares of the company’s stock worth $6,670,000 after purchasing an additional 8,500 shares during the period.

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.