Concur Technologies Inc. Reaches New 12-Month High at $106.00 (CNQR)
Concur Technologies (NASDAQ:CNQR)’s share price reached a new 52-week high on Tuesday, Analyst Ratings.Net reports. The company traded as high as $106.00 and last traded at $105.68, with a volume of 513,894 shares traded. The stock had previously closed at $102.50.
A number of research firms have recently commented on CNQR. Analysts at Wunderlich downgraded shares of Concur Technologies (NASDAQ:CNQR) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 4th. They now have a $96.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Concur Technologies (NASDAQ:CNQR) in a research note to investors on Monday, August 5th. They now have a $118.00 price target on the stock, up previously from $106.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Concur Technologies (NASDAQ:CNQR) in a research note to investors on Friday, August 2nd. They now have a $107.00 price target on the stock.
Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $87.82.
In other Concur Technologies news, CFO Francis J. Pelzer sold 1,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $100.13, for a total value of $100,130.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Concur Technologies has a 1-year low of $57.70 and a 1-year high of $106.04. The stock’s 50-day moving average is $96.95 and its 200-day moving average is $81.34. The company’s market cap is $5.939 billion.
Concur Technologies (NASDAQ:CNQR) last announced its earnings results on Wednesday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.15. The company had revenue of $138.70 million for the quarter, compared to the consensus estimate of $139.15 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Analysts expect that Concur Technologies will post $0.86 EPS for the current fiscal year.
Concur Technologies, Inc (NASDAQ:CNQR) is a global provider of on-demand Employee Spend Management solutions.
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