Stifel Nicolaus Initiates Coverage on Concur Technologies (CNQR)
Equities research analysts at Stifel Nicolaus started coverage on shares of Concur Technologies (NASDAQ: CNQR) in a research note issued to investors on Friday. The firm set a “buy” rating and a $67.00 price target on the stock.
A number of other firms have also recently commented on CNQR. Analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Concur Technologies in a research note to investors on Thursday. They now have a $70.00 price target on the stock, up previously from $66.00. Separately, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Concur Technologies to $57.00 in a research note to investors on Thursday. Finally, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Concur Technologies to $59.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock.
Concur Technologies traded down 0.33% on Friday, hitting $63.15. Concur Technologies has a 1-year low of $34.30 and a 1-year high of $62.60. The company’s market cap is $3.457 billion.
Concur Technologies last released its earnings data on Wednesday, May 2nd. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.06. Concur Technologies’s revenue was up 28.1% compared to the same quarter last year. 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.