Concur Technologies Rating Reiterated by Needham & Company LLC (CNQR)
Concur Technologies (NASDAQ:CNQR)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a report issued on Wednesday, American Banking and Market News reports.
Shares of Concur Technologies (NASDAQ:CNQR) traded up 0.47% on Wednesday, hitting $83.47. The stock had a trading volume of 870,219 shares. Concur Technologies has a 52 week low of $74.43 and a 52 week high of $130.39. The stock’s 50-day moving average is $94.87 and its 200-day moving average is $104.. The company’s market cap is $4.727 billion.
Concur Technologies (NASDAQ:CNQR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The company had revenue of $167.01 million for the quarter, compared to the consensus estimate of $165.81 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts predict that Concur Technologies will post $0.63 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Ned Davis Research upgraded shares of Concur Technologies from a “sell” rating to a “neutral” rating in a research note on Monday, April 28th. Separately, analysts at Zacks downgraded shares of Concur Technologies from an “outperform” rating to a “neutral” rating in a research note on Friday, April 18th. They now have a $95.00 price target on the stock. Finally, analysts at Robert W. Baird cut their price target on shares of Concur Technologies from $125.00 to $115.00 in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $110.23.
Concur Technologies, Inc (NASDAQ:CNQR) is a provider of integrated travel and expense management solutions for companies of all industries, sizes, and geographies.
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