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

Concentrix Corporation (NASDAQ:CNXC) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $33.50.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Concentrix in the 2nd quarter valued at approximately $149,639,000. Bank of America Corp DE acquired a new stake in Concentrix in the 2nd quarter worth approximately $18,248,000. Groupe Bruxelles Lambert purchased a new stake in Concentrix during the 2nd quarter worth approximately $68,000,000. Deutsche Bank AG purchased a new stake in Concentrix during the 2nd quarter worth approximately $1,084,000. Finally, Legal & General Group Plc purchased a new stake in Concentrix during the 2nd quarter worth approximately $3,337,000. 90.34% of the stock is currently owned by hedge funds and other institutional investors.

Concentrix Stock Performance

NASDAQ CNXC opened at $30.32 on Tuesday. The company has a market cap of $1.85 billion, a P/E ratio of -0.78, a P/E/G ratio of 0.58 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 business’s 50 day moving average price is $28.82 and its 200-day moving average price is $28.40. Concentrix has a fifty-two week low of $19.12 and a fifty-two week high of $44.78.

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

Concentrix Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 3rd. Stockholders of record on Friday, October 23rd were paid a dividend of $0.37 per share. This is a boost from Concentrix’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, October 23rd. Concentrix’s payout ratio is presently -3.80%.

Concentrix Company Profile

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.