Bank of America Downgrades Concentra Group Holdings Parent (NYSE:CON) to Neutral

Concentra Group Holdings Parent (NYSE:CON) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a report released on Monday, MarketBeat reports. They presently have a $24.00 price target on the stock, down from their previous price target of $30.50. Bank of America‘s price target would indicate a potential upside of 21.33% from the company’s current price.

A number of other equities analysts also recently issued reports on CON. Wells Fargo & Company assumed coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued an “overweight” rating and a $27.00 price target for the company. The Goldman Sachs Group assumed coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a “buy” rating and a $32.00 target price for the company. JPMorgan Chase & Co. began coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “overweight” rating and a $29.00 price target on the stock. Truist Financial initiated coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a “buy” rating and a $29.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $29.00 target price on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.88.

Concentra Group Holdings Parent Stock Performance

CON opened at $19.78 on Monday. The company’s 50 day simple moving average is $22.86. Concentra Group Holdings Parent has a 52-week low of $18.89 and a 52-week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $467.60 million for the quarter. As a group, equities analysts anticipate that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

About Concentra Group Holdings Parent

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers’ compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.