FBR Capital Raises Price Target on Concur Technologies (CNQR)
Analysts at FBR Capital (NASDAQ: FBCM) lifted their price target on shares of Concur Technologies (NASDAQ: CNQR) from $54.00 to $56.00 in a research report issued to clients and investors on Thursday. The firm currently has a “market perform” rating on the stock.
CNQR has been the subject of a number of other recent research reports. Analysts at Needham & Company reiterated a “buy” rating on shares of Concur Technologies in a research note to investors on Friday, March 16th. Separately, analysts at BMO Capital Markets raised their price target on shares of Concur Technologies from $48.00 to $55.00 in a research note to investors on Wednesday, March 14th. They now have a “market perform” rating on the stock. Finally, analysts at DA Davidson downgraded shares of Concur Technologies from a “buy” rating to a “neutral” rating in a research note to investors on Friday, March 9th.
Concur Technologies opened at 63.87 on Thursday. Concur Technologies has a 52-week low of $34.30 and a 52-week high of $65.42. The company’s market cap is $3.482 billion.
The company last announced its quarterly results on Wednesday, May 2nd. It reported ($0.09) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of ($0.03) EPS by $0.06. The company’s quarterly revenue was up 28.1% on a year-over-year basis. Analysts expect that Concur Technologies will post $0.24 EPS next quarter.
Concur Technologies, Inc. (Concur) is a global provider of on-demand Employee Spend Management solutions.