Concur Technologies Given Average Rating of “Hold” by Analysts (NASDAQ:CNQR)
Shares of Concur Technologies (NASDAQ:CNQR) have received an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, StockRatingsNetwork reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $107.33.
In other Concur Technologies news, EVP Elena A. Donio sold 2,500 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $100.00, for a total value of $250,000.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Concur Technologies (NASDAQ:CNQR) traded down 0.17% on Thursday, hitting $100.32. 52,017 shares of the company’s stock traded hands. Concur Technologies has a 1-year low of $74.43 and a 1-year high of $130.39. The stock’s 50-day moving average is $93.65 and its 200-day moving average is $97.01. The company’s market cap is $5.722 billion.
Concur Technologies (NASDAQ:CNQR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.09. The company had revenue of $178.40 million for the quarter, compared to the consensus estimate of $175.15 million. During the same quarter last year, the company posted $0.39 earnings per share. Concur Technologies’s revenue was up 28.6% compared to the same quarter last year. On average, analysts predict that Concur Technologies will post $0.61 earnings per share for the current fiscal year.
A number of research firms have recently commented on CNQR. Analysts at Stifel Nicolaus reiterated an “underperform” rating on shares of Concur Technologies in a research note on Tuesday, August 5th. They now have a $72.00 price target on the stock, down previously from $73.00. Separately, analysts at Deutsche Bank raised their price target on shares of Concur Technologies from $95.00 to $110.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Finally, 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.
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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