Equities researchers at Nomura hoisted their target price on shares of Concur Technologies (NASDAQ:CNQR) from $80.00 to $100.00 in a research report issued on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Nomura’s price target suggests a potential downside of 1.88% from the stock’s previous close.
Concur Technologies (NASDAQ:CNQR) traded up 14.66% on Thursday, hitting $101.92. Concur Technologies has a 52-week low of $57.70 and a 52-week high of $89.88. The stock’s 50-day moving average is currently $83.69. The company’s market cap is $5.690 billion.
Concur Technologies (NASDAQ:CNQR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.15. The company had revenue of $138.70 million for the quarter, compared to the consensus estimate of $139.15 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. Analysts expect that Concur Technologies will post $0.91 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CNQR. Analysts at Bank of America Corp. upgraded shares of Concur Technologies from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $94.00 price target on the stock, up previously from $51.00. Separately, analysts at FBR Capital Markets raised their price target on shares of Concur Technologies from $74.00 to $79.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Concur Technologies in a research note to investors on Wednesday, July 24th. They now have a $93.00 price target on the stock.
Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $83.04.
Concur Technologies, Inc (NASDAQ:CNQR) is a global provider of on-demand Employee Spend Management solutions.