ThinkEquity Starts Stock Coverage on Concur Technologies (CNQR)

By admin | 6 years ago

Equities researchers at ThinkEquity assumed coverage on shares of Concur Technologies (NASDAQ: CNQR) in a report issued on Friday. The firm set a “buy” rating on the stock.

Shares of Concur Technologies traded down 0.92% during mid-day trading on Friday, hitting $57.84. Concur Technologies has a one year low of $34.30 and a one year high of $65.42. The company’s market cap is $3.168 billion.

Concur Technologies last issued its quarterly earnings data on Wednesday, May 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.06. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, analysts predict that Concur Technologies will post $0.24 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer (NYSE: OPY) raised their EPS on shares of Concur Technologies in a research note to investors on Friday, May 25th. They now have an “outperform” rating and a $70.00 price target on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Concur Technologies in a research note to investors on Friday, May 4th. They set a “buy” rating and a $67.00 price target on the stock. Finally, analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Concur Technologies in a research note to investors on Thursday, May 3rd. They now have a $70.00 price target on the stock, up previously from $66.00.

Concur Technologies, Inc. (Concur) is a global provider of on-demand Employee Spend Management solutions.

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