Concur Technologies Receives Consensus Rating of “Hold” from Analysts (NASDAQ:CNQR)
Concur Technologies (NASDAQ:CNQR) has earned an average recommendation of “Hold” from the seventeen analysts that are covering the company, Stock Ratings News reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $107.43.
In other Concur Technologies news, CEO Sudhir Steven Singh sold 6,500 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $94.96, for a total transaction of $617,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CNQR shares. Analysts at Roth Capital initiated coverage on shares of Concur Technologies in a research note on Wednesday, June 25th. They set a “buy” rating and a $130.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Concur Technologies in a research note on Friday, June 20th. They now have a $98.00 price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Concur Technologies from $90.00 to $77.00 in a research note on Thursday, May 22nd.
Concur Technologies (NASDAQ:CNQR) opened at 87.05 on Thursday. Concur Technologies has a one year low of $74.43 and a one year high of $130.39. The stock has a 50-day moving average of $89.08 and a 200-day moving average of $99.75. The company’s market cap is $4.952 billion.
Concur Technologies (NASDAQ:CNQR) last announced its earnings results 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. Analysts expect that Concur Technologies will post $0.62 EPS for the current fiscal year.
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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