Concentrix Corporation (NASDAQ:CNXC) Stock Has Average Price Target of $33.50 According to Brokerages

Shares of Concentrix Corporation (NASDAQ:CNXC) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $33.50.

Several equities analysts have issued reports on CNXC shares. Bank of America reiterated a “neutral” rating and set a $29.00 target price on shares of Concentrix in a research report on Thursday, October 1st. Zacks Research raised Concentrix from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Canaccord Genuity Group reissued a “buy” rating and issued a $45.00 price target on shares of Concentrix in a report on Wednesday, September 30th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Concentrix in a research note on Thursday, October 22nd.

Concentrix Stock Up 0.7%

CNXC stock opened at $31.15 on Tuesday. Concentrix has a one year low of $19.12 and a one year high of $44.78. The stock has a market capitalization of $1.90 billion, a PE ratio of -0.80, a price-to-earnings-growth ratio of 0.59 and a beta of 0.48. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.23 and a current ratio of 1.23. The company has a fifty day moving average of $28.78 and a 200-day moving average of $28.45.

Concentrix (NASDAQ:CNXC) last issued its earnings results on Tuesday, September 29th. The company reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.21. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.48 billion. Concentrix had a negative net margin of 23.99% and a positive return on equity of 25.00%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.78 earnings per share. Concentrix has set its FY 2026 guidance at 10.970-11.090 EPS and its Q4 2026 guidance at 2.860-2.980 EPS. As a group, analysts expect that Concentrix will post 9.77 EPS for the current year.

Concentrix Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 3rd. Shareholders of record on Friday, October 23rd were given a $0.37 dividend. The ex-dividend date was Friday, October 23rd. This is a positive change from Concentrix’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 4.8%. Concentrix’s dividend payout ratio (DPR) is currently -3.80%.

Institutional Investors Weigh In On Concentrix

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Concentrix in the 2nd quarter valued at approximately $149,639,000. Pzena Investment Management LLC acquired a new position in Concentrix during the second quarter worth $76,488,000. Groupe Bruxelles Lambert purchased a new stake in Concentrix during the second quarter worth $68,000,000. Kopernik Global Investors LLC purchased a new stake in Concentrix during the first quarter worth $44,523,000. Finally, Bank of America Corp DE purchased a new stake in Concentrix during the second quarter worth $18,248,000. 90.34% of the stock is currently owned by hedge funds and other institutional investors.

About Concentrix

Concentrix Corporation (NASDAQ: CNXC) is a global technology and services company that helps businesses improve customer engagement and operational performance. Its offerings include customer experience management, digital operations, business process services, consulting, analytics, artificial intelligence, automation, and technology solutions.

The company supports customer care, technical support, sales, marketing, trust and safety, and back-office functions. Concentrix serves organizations across industries such as technology and electronics, retail, banking and financial services, healthcare, travel and transportation, communications and media, and automotive.

Concentrix operates across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.