Concur Technologies Rating Reiterated by Credit Suisse (CNQR)
Concur Technologies (NASDAQ:CNQR)‘s stock had its “buy” rating reaffirmed by stock analysts at Credit Suisse in a report issued on Monday, Stock Ratings Network.com reports. They currently have a $118.00 target price on the stock. Credit Suisse’s price objective suggests a potential upside of 5.36% from the company’s current price.
A number of other analysts have also recently weighed in on CNQR. Analysts at UBS AG raised their price target on shares of Concur Technologies (NASDAQ:CNQR) from $100.00 to $125.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. 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 investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $89.29.
Shares of Concur Technologies (NASDAQ:CNQR) traded up 0.50% during mid-day trading on Monday, hitting $112.00. The stock had a trading volume of 443,061 shares. Concur Technologies has a 52-week low of $57.70 and a 52-week high of $113.08. The stock has a 50-day moving average of $101. and a 200-day moving average of $83.44. The company’s market cap is $6.275 billion.
Concur Technologies (NASDAQ:CNQR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.34 earnings per share. Concur Technologies’s revenue was up 22.5% compared to the same quarter last year. 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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