Equities research analysts at UBS AG hoisted their price target on shares of Concur Technologies (NASDAQ:CNQR) from $93.00 to $100.00 in a research note issued to investors on Thursday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target points to a potential downside of 1.88% from the stock’s previous close.
Shares of Concur Technologies (NASDAQ:CNQR) traded up 0.08% during mid-day trading on Thursday, hitting $102.00. Concur Technologies has a one year low of $57.70 and a one year high of $102.91. The stock’s 50-day moving average is currently $84.34. The company’s market cap is $5.695 billion.
Concur Technologies (NASDAQ:CNQR) last released its earnings data on Wednesday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.34 earnings per share. Concur Technologies’s revenue was up 22.5% compared to the same quarter last year. Analysts expect that Concur Technologies will post $0.91 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Concur Technologies in a research note to investors on Thursday. They now have a $108.00 price target on the stock, up previously from $91.00. Separately, analysts at Nomura raised their price target on shares of Concur Technologies from $80.00 to $100.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, 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.
Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $83.83.
Concur Technologies, Inc (NASDAQ:CNQR) is a global provider of on-demand Employee Spend Management solutions.
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