Concentra Group Holdings Parent (NYSE:CON) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Concentra Group Holdings Parent (NYSE:CON) had its target price raised by equities research analysts at Royal Bank Of Canada from $30.00 to $31.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 35.79% from the company’s previous close.

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

Concentra Group Holdings Parent Price Performance

Shares of CON stock opened at $22.83 on Monday. The company has a market capitalization of $2.93 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.59 and a beta of 0.73. The company’s 50-day simple moving average is $20.44 and its two-hundred day simple moving average is $20.79. Concentra Group Holdings Parent has a one year low of $18.55 and a one year high of $23.99. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.20 and a quick ratio of 1.20.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results 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. The firm had revenue of $572.80 million during the quarter, compared to analyst estimates of $563.08 million. Concentra Group Holdings Parent had a return on equity of 48.42% and a net margin of 7.33%.Concentra Group Holdings Parent’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share. As a group, equities analysts anticipate that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Institutional Trading of Concentra Group Holdings Parent

Several hedge funds have recently modified their holdings of CON. CWM LLC grew its position in shares of Concentra Group Holdings Parent by 32.5% in the 2nd quarter. CWM LLC now owns 2,148 shares of the company’s stock worth $44,000 after buying an additional 527 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in 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 acquiring an additional 528 shares during the last quarter. Versant Capital Management Inc boosted its stake in Concentra Group Holdings Parent by 80.6% in the third quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock valued at $25,000 after acquiring an additional 531 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Concentra Group Holdings Parent by 124.6% in 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 last quarter. Finally, Osaic Holdings Inc. grew its holdings in Concentra Group Holdings Parent by 59.5% in 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.