Concur Technologies Given Sell Rating at Goldman Sachs (CNQR)
In other Concur Technologies news, CFO Francis J. Pelzer sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $100.47, for a total value of $100,470.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird downgraded shares of Concur Technologies from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Separately, analysts at Davidson initiated coverage on shares of Concur Technologies in a research note on Wednesday, August 27th. They set a “neutral” rating on the stock. Finally, analysts at DA Davidson initiated coverage on shares of Concur Technologies in a research note on Tuesday, August 26th. They set a “neutral” rating and a $100.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $108.73.
Concur Technologies (NASDAQ:CNQR) opened at 100.95 on Wednesday. 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 $95.67 and its 200-day moving average is $95.64. The company’s market cap is $5.758 billion.
Concur Technologies (NASDAQ:CNQR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. Analysts expect that Concur Technologies will post $0.61 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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