Concentra Group Holdings Parent, Inc. (NYSE:CON) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Concentra an average rating of "Moderate Buy" from five brokerages (three buys, two holds) with an average 12‑month price target of $30.00.
• In the most recent quarter Concentra reported EPS of $0.28 (beating estimates by $0.05) and revenue of $539.1M, up 15.9% year‑over‑year, with a net margin of 7.69% and ROE of 48.46%.
• The company declared a quarterly dividend of $0.0625 ($0.25 annualized, ~1.1% yield) and has attracted sizable new or increased stakes from institutional investors including Norges Bank, Barrow Hanley and Woodline Partners.

Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $30.00.

Several research firms recently commented on CON. Zacks Research upgraded Concentra Group Holdings Parent from a "strong sell" rating to a "hold" rating in a research note on Wednesday, December 24th. Royal Bank Of Canada raised their target price on Concentra Group Holdings Parent from $30.00 to $31.00 and gave the stock an "outperform" rating in a research report on Monday, February 2nd. Wall Street Zen upgraded Concentra Group Holdings Parent from a "hold" rating to a "buy" rating in a research note on Saturday, December 27th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Concentra Group Holdings Parent in a research report on Monday, December 29th. Finally, Wells Fargo & Company increased their price target on Concentra Group Holdings Parent from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday.

Concentra Group Holdings Parent Stock Performance

NYSE CON opened at $22.80 on Friday. The company has a market capitalization of $2.93 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.21 and a beta of 0.60. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.14 and a current ratio of 1.14. Concentra Group Holdings Parent has a 52-week low of $18.55 and a 52-week high of $24.68. The company has a 50-day simple moving average of $22.14 and a 200 day simple moving average of $21.24.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.05. Concentra Group Holdings Parent had a net margin of 7.69% and a return on equity of 48.46%. The firm had revenue of $539.08 million for the quarter. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The firm's revenue was up 15.9% compared to the same quarter last year. On average, research analysts predict that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.25 annualized dividend and a yield of 1.1%. Concentra Group Holdings Parent's dividend payout ratio is 19.23%.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Large investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $43,404,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at $35,124,000. Woodline Partners LP raised its holdings in Concentra Group Holdings Parent by 142.7% during the 3rd quarter. Woodline Partners LP now owns 2,746,505 shares of the company's stock valued at $57,484,000 after acquiring an additional 1,614,988 shares during the period. Tributary Capital Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $21,109,000. Finally, Thrivent Financial for Lutherans lifted its position in shares of Concentra Group Holdings Parent by 41.1% during the third quarter. Thrivent Financial for Lutherans now owns 3,245,778 shares of the company's stock worth $67,934,000 after acquiring an additional 945,303 shares in 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.

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