Concur Technologies (CNQR) – Analysts’ Recent Ratings Updates
A number of firms have modified their ratings and price targets on shares of Concur Technologies (NASDAQ: CNQR) recently:
- Concur Technologies is now covered by analysts at DA Davidson. They set a “neutral” rating and a $100.00 price target on the stock. They wrote, “Next generation enterprise application cloud computing leader. CNQR is a software-as-a-service (SaaS) company offering cloud-based expense reporting and travel booking (T&E) solutions. The company has grown revenue at a 26% CAGR over the last dozen years, and management believes that rate of growth can continue for many more. Expense and travel management have largely been un-automated processes. CNQR’s stated goal is to reinvent the corporate travel supply chain and enable every company to process their expense reports using CNQR’s software. Already processing more than $50 billion of T&E expenses per year, the primary driver of demand for the company’s solutions is the potential to achieve hard-dollar cost savings.”
- Concur Technologies is now covered by analysts at Davidson. They set a “neutral” rating on the stock.
- Concur Technologies had its “sell” rating reaffirmed by analysts at Goldman Sachs.
- Concur Technologies was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $115.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
Shares of Concur Technologies, Inc. (NASDAQ:CNQR) traded down 3.12% on Thursday, hitting $106.18. The stock had a trading volume of 832,449 shares. Concur Technologies, Inc. has a 1-year low of $74.43 and a 1-year high of $130.39. The stock’s 50-day moving average is $96.21 and its 200-day moving average is $95.74. The company’s market cap is $6.056 billion.
Concur Technologies (NASDAQ:CNQR) last announced its earnings results 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 in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 28.6% on a year-over-year basis. Analysts expect that Concur Technologies, Inc. will post $0.61 EPS for the current fiscal year.
In other Concur Technologies news, CFO Francis J. Pelzer sold 1,000 shares of Concur Technologies stock on the open market in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $100.47, for a total transaction of $100,470.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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