Concentrix Co. (NASDAQ:CNXC – Get Free Report) has earned a consensus rating of “Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $75.00.
Several research analysts have issued reports on the company. Canaccord Genuity Group reduced their price objective on Concentrix from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird started coverage on shares of Concentrix in a research report on Thursday, October 3rd. They issued an “outperform” rating and a $70.00 price objective for the company. Baird R W upgraded Concentrix to a “strong-buy” rating in a report on Thursday, October 3rd. Bank of America lowered their target price on Concentrix from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. Finally, Barrington Research decreased their price objective on Concentrix from $84.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, September 26th.
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Concentrix Trading Up 0.4 %
Shares of NASDAQ:CNXC opened at $48.96 on Thursday. Concentrix has a 1 year low of $36.28 and a 1 year high of $106.10. The business’s 50 day moving average price is $43.61 and its 200-day moving average price is $54.84. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 0.60 and a beta of 0.63.
Concentrix (NASDAQ:CNXC – Get Free Report) last announced its earnings results on Wednesday, January 15th. The company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.25. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.44 billion. Concentrix had a return on equity of 16.57% and a net margin of 2.18%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.36 EPS. On average, equities research analysts forecast that Concentrix will post 10.11 earnings per share for the current fiscal year.
Concentrix Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.3328 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.33 annualized dividend and a dividend yield of 2.72%. Concentrix’s payout ratio is 43.18%.
Concentrix Company Profile
Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.
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