Concur Technologies Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:CNQR)
Concur Technologies (NASDAQ:CNQR) has received a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the company, StockRatingsNetwork reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $110.21.
CNQR has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Concur Technologies in a research note on Tuesday, February 4th. They now have a $153.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Concur Technologies in a research note on Thursday, January 30th. They now have a $125.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Concur Technologies from $125.00 to $135.00 in a research note on Thursday, January 30th. They now have a “buy” rating on the stock.
Concur Technologies (NASDAQ:CNQR) traded down 0.02% on Tuesday, hitting $126.105. 11,120 shares of the company’s stock traded hands. Concur Technologies has a 52 week low of $62.01 and a 52 week high of $130.39. The stock’s 50-day moving average is $115.0 and its 200-day moving average is $105.2. The company’s market cap is $7.141 billion.
Concur Technologies (NASDAQ:CNQR) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The company had revenue of $163.10 million for the quarter, compared to the consensus estimate of $156.24 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 32.8% on a year-over-year basis. On average, analysts predict that Concur Technologies will post $0.64 earnings per share for the current fiscal year.
In other Concur Technologies news, EVP Elena Donio sold 2,000 shares of Concur Technologies stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $128.78, for a total value of $257,560.00. Following the sale, the executive vice president now directly owns 41,666 shares of the company’s stock, valued at approximately $5,365,747. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Concur Technologies, Inc (NASDAQ:CNQR) is a global provider of on-demand Employee Spend Management solutions.
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