Concentrix (NASDAQ:CNXC) Upgraded to Hold at Zacks Research

by · The Cerbat Gem

Concentrix (NASDAQ:CNXC – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other equities analysts also recently weighed in on CNXC. Canaccord Genuity Group dropped their target price on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Bank of America lowered their price target on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Robert W. Baird dropped their price objective on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Finally, Barrington Research reduced their price objective on Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.75.

Read Our Latest Research Report on Concentrix

Concentrix Price Performance

Concentrix stock opened at $32.28 on Monday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $1.97 billion, a P/E ratio of -1.51, a P/E/G ratio of 0.55 and a beta of 0.47. The business’s fifty day moving average is $24.90 and its two-hundred day moving average is $26.98. Concentrix has a 52 week low of $19.12 and a 52 week high of $57.88.

Concentrix (NASDAQ:CNXC – Get Free Report) last announced its earnings results on Monday, June 29th. The company reported $2.63 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the business posted $2.70 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. Equities research analysts forecast that Concentrix will post 9.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Concentrix

Several institutional investors have recently modified their holdings of CNXC. Northwestern Mutual Wealth Management Co. acquired a new position in Concentrix in the second quarter valued at approximately $25,000. Nykredit A S acquired a new stake in Concentrix during the 2nd quarter worth $29,000. Larson Financial Group LLC raised its position in shares of Concentrix by 224.9% during the 3rd quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock valued at $32,000 after acquiring an additional 479 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Concentrix by 532.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock valued at $34,000 after acquiring an additional 522 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of Concentrix by 1,032.5% in the 4th quarter. Global Retirement Partners LLC now owns 872 shares of the company’s stock valued at $36,000 after purchasing an additional 795 shares during the period. Institutional investors and hedge funds own 90.34% of the company’s stock.

About Concentrix

(Get Free Report)

Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.

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