Concur Technologies Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:CNQR)
Shares of Concur Technologies (NASDAQ:CNQR) have earned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the company, Analyst Ratings Network reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $107.43.
Concur Technologies (NASDAQ:CNQR) opened at 89.89 on Thursday. Concur Technologies has a one year low of $74.43 and a one year high of $130.39. The stock’s 50-day moving average is $89.64 and its 200-day moving average is $99.61. The company’s market cap is $5.113 billion.
Concur Technologies (NASDAQ:CNQR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.24 earnings per share. Concur Technologies’s revenue was up 31.1% compared to the same quarter last year. On average, analysts predict that Concur Technologies will post $0.62 earnings per share for the current fiscal year.
In other Concur Technologies news, CEO Sudhir Steven Singh sold 6,500 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available at this link.
A number of research firms have recently commented on CNQR. 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, 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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