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CONCOR Consensus Forecast

No. of reports in last year
4
No. of analysts
2
Average Consensus Forecast
631.75
Consensus Potential
27.75%

CONCOR Price Target Potential

BrokerageTargetPotential
ICICIdirect.com66030.96%
Prabhudas Lilladher59523.42%

CONCOR Targets in FrontPage Forums

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CONCOR Ratings

Long term CONCOR rating by FrontPage users
4.6/5 (8 Ratings)

4 CONCOR share price target reports by brokerages below. See what is analyst's view on CONCOR share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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CONCOR Share Price Target

CONCOR Share Price Target - Broker Reports - 2020

11-Feb-20
Price @ Call: 575.05
Target: 660
BUY
In the near term, although revenue growth may remain muted. However, it expects the situation to reverse with the DFC connectivity to Gujarat ports. Concor has infrastructure/facilities close to the DFC route and would be well placed to garner higher volume growth post commissioning of DFC. Concor aims to consistently invest ~Rs1000 crore annually, which has helped the company to shape up the business around MMLPs (83 in FY19) and is expected to contribute meaningfully in FY21. We maintain BUY with a target price of Rs 660, (assigning a FY22E P/E multiple of ~20x).
... Read more
10-Feb-20
Price @ Call: 575.25
Target: 595
BUY
We believe CCRI’s unmatched presence across the country as compared to its peers coupled with positive long-term industry prospects would support prolonged growth and maintain its market leadership. Owing to the overall economic situation and the subdued volumes for 9M, we have reduced our estimates for revenues by 6.2% each for FY20E/21E/22E and PAT estimates by 12.9%/11.8%/11.6% for FY20E/21E/22E respectively. However, we remain positive on the structural growth story considering 1) continuous market share gains in the domestic segment 2) strong EXIM volumes, 3) new strategic initiatives and 4) expected pick-up in economic activity. At CMP, the stock trades at a P/E of 33.6x/28.6x FY20E/FY21E earnings and trades at EV/EBITDA of 20.6x/18.1x FY20E/FY21E earnings. Due to recent run up in the stock price, we have downgraded our rating to ACCUMULATE from BUY with a revised TP of Rs595 (earlier TP Rs652) valuing the company at a PE multiple of 25x on FY22E EPS (its three-year average multiple).
... Read more

CONCOR Share Price Target - Broker Reports - 2019

31-Oct-19
Price @ Call: 594.03
Target: 620
HOLD
Q2 has seen Concor report muted volume growth amid subdued economic scenario. However, the company was able to report better margins owing to price hike taken in April 2019 and abstinence from doing low/negative margin business. In the near term, revenue growth may remain muted. However, it expects the situation to reverse with DFC connectivity to Gujarat ports. Concor aims to consistently invest ~| 1000 crore annually, which has helped the company to shape up the business around MMLPs (83 in FY19) and is expected to contribute meaningfully in FY20. Strategic divestment or privatisation may provide the required trigger to capture the huge growth opportunity presented by the DFC and could also lead to nimbleness in decision making of various projects. We have a HOLD rating on the stock with a target price of Rs 620 (P/E multiple of ~25x to FY21E EPS of Rs 24.9).
... Read more
31-Oct-19
Price @ Call: 594.03
Target: 652
BUY
We believe CCRI’s unmatched presence across the country as compared to its peers coupled with positive long-term industry prospects would support prolonged growth and maintain its market leadership. We remain positive on the structural growth story considering 1) continuous market share gains in the domestic segment 2) strong EXIM volumes, 3) new strategic initiatives and 4) a pick-up in economic trade. We have revised our revenue/PAT estimate downward by 5.9/11% for FY20E and 11%/5.2% for FY21E factoring in lowered guidance. We introduced our FY22E estimate with a Revenue/PAT growth of 14.1%/14.5% respectively. At CMP, the stock trades at a P/E of 29.9x/25.8x FY20E/FY21E earnings and trades at EV/EBITDA of 19.5x/17.1x FY20E/FY21E earnings. We maintain BUY rating on the stock with a TP of Rs652 valuing the company at a PE multiple of 25x on FY22E EPS, valuing at its three-year average multiple.
... Read more
2-Aug-19
Price @ Call: 498.74
Target: 660
BUY
Despite flat volumes, Container Corporation (CCRI) reported a healthy beat in EBITDA margins at 24.6%. Medium term growth drivers are intact as the co will benefit from phased commissioning of the DFC and from margin efficiencies. Reiterate BUY with a revised TP of Rs 660 (at 24x Sep-21 EPS). e reiterate BUY as (1) Volume growth is expected in mid-teens with the commissioning of the DFC. We are building in 6%/14%/18% growth in volumes over FY20/21/22E (2) The medium term growth opportunity post DFC will drive up valuations (3) ROEs are expected to improve to 15.9% in FY22E (from 12.6% in FY19).
... Read more
3-Aug-19
Price @ Call: 498.74
Target: 544
ACCUMULATE
Management maintains guidance of 10-12% revenue growth on the back of estimated GDP growth of 6.5-7.0%; however, challenges remain on the ground with subdued trade and economic environment. We revise our earnings estimates down by 9% for FY20 and 8% for FY21 to factor in slower growth and higher depreciation. We revise our rating to Accumulate from Buy with a new target price of INR 544 from 590 based on 23x (unchanged) FY21E P/E. At the CMP, the stock provides limited upside of 7%.
... Read more
1-Aug-19
Price @ Call: 511.47
Target: 600
BUY
In-line Q1, balance sheet better; Maintains volume guidance with riders
The Q1FY20 was in-line, adjusted for unrecognized SEIS income. Margins improved 300bps YoY, despite a volume decline of 1% YoY, due to the price hikes taken in FY19 and beginning FY20. The company has maintained its 10-12% volume growth guidance, but cautioned that the growth depends on the economy. Balance sheet has improved and company is again net cash. DFC remains the most important long-term trigger that should aid margins. We retain our FY20/21 estimates, given the in-line PAT post adjusting SEIS income for Q1FY20 and maintain BUY with a TP of 600.
... Read more
1-Aug-19
Price @ Call: 506
Target: 601
BUY
We remain positive on the structural growth story considering 1) continuous market share gains in the domestic segment 2) strong EXIM volumes, 3) new strategic initiatives and 4) a pick-up in economic trade. We expect the company to report a revenue/PAT CAGR of 11%/9.8% over FY19-21. At CMP, the stock trades at a P/E of 23.1x/21.2x FY20E/FY21E earnings and trades at EV/EBITDA of 15.4x/13.8x FY20E/FY21E earnings. We initiate with a BUY rating on the stock with a TP of Rs601 valuing the company at a PE multiple of 25x on FY21E EPS, valuing at its three-year average multiple.
... Read more
4-Jul-19
Price @ Call: 577.5
Target: 670
BUY
We initiate on Container Corporation with a BUY. India’s dominant container rail operator (~75% mktshare) is expected to report healthy 16% earnings CAGR over FY19- 22E, with the commissioning of the (Western) Dedicated Freight Corridor as well as internal efficiencies. We set a Sep-20 TP of Rs 670, based on 24x one year forward earnings, at a 10% premium to its 10-year mean multiple. With commissioning of the DFC, the medium term growth opportunity for CONCOR will drive up valuations.
... Read more
26-Jun-19
Price @ Call: 553.95
Target: 635
BUY
3-May-19
Price @ Call: 509.43
Target: 625
BUY
Concor aims to consistently invest ~| 1000 crore annually, which has helped the company to shape up the business around MMLPs (83 in FY19) and is expected to contribute meaningfully in FY20. Dedicated Freight Corridor in CY20 is expected to provide Concor with port connectivity (Mundra, Pipavav). Thereby, it is expected to lead to higher volume growth and lower costs for the company. The management expects to increase its container volumes from ~4 million TEU in FY19E to 7 million TEU in FY21 via 1) organic volume growth 2) its foray in distribution logistics 3) coastal shipping volumes. We maintain BUY with a target price of Rs 625, assigning a P/E multiple of ~22x to FY21E EPS of ~Rs 29.
... Read more
20-Mar-19
Price @ Call: 510.4
Target: 624
BUY
DFC remains the most important long-term trigger as apart from boosting volumes, it will aid margins. Distribution logistics will help reduce rail dependence and counter falling lead distances. Management is confident of managing any further increase in haulage charges, if any, post-election. Near term, it maintains its FY19 volume guidance despite recent softness in volumes. Re-iterate our BUY with a TP of Rs 624.
... Read more
15-Feb-19
Price @ Call: 497.7
Target: 624
BUY
We maintain Buy valuing the company using DCF methodology with a TP of ` 624 (WACC: 9.1%; TGR: 4%).We expect the handling volumes to grow at 12% for FY19. The planned new terminals, coastal shipping initiative and the transit-warehousing opportunity will help increase market share for domestic container traffic. The completion of Dedicated Freight Corridor (DFC) in FY21 will significantly boost CONCOR, which remains our top pick in logistics sector.
... Read more
14-Feb-19
Price @ Call: 485
Target: 614
BUY
CCRI is a direct play on the upcoming large rail infrastructure (DFCC). We expect Concor to witness EBITDA CAGR of 18% over FY19-21 led by healthy volume growth, benefit of double-stacking and the recent price hikes. The stock trades at EV/EBITDA of 14.3x/12.3x FY20/FY21E, which we believe is attractive given its market leadership position, sustainable growth in earnings and possible benefits of DFCC post FY20. Our DCF implies a fair value of INR614/share (+25% upside) on which it trades at a P/E of 23x FY21E and EV/EBITDA of 16x FY21E EBITDA.
... Read more
13-Feb-19
Price @ Call: 487.9
Target: 625
BUY
The business model around MMLP is shaping up well and is expected to contribute meaningfully from FY20. The other stream of revenues would include coastal shipping (commenced in Q4FY19), warehousing and 3PL distribution logistics (expected to start in FY20). Furthermore, the company is on track to open an additional 18 MMLPs by FY20. Dedicated Freight Corridor (DFC) in CY20 is expected to provide Concor with port connectivity (Mundra and Pipavav) and would, thereby, lead to higher volume growth and lower costs for the company. Concor leads a consortium to construct a dry port off Cairo and is eyeing global opportunities in Russia and international corridors (MoU with Russia’s JSC RZD Logistics). The management expects to increase its container volumes from 4 million TEU in FY19E to 7 million TEU in FY21 via 1) organic volume growth 2) its foray in distribution logistics 3) coastal shipping volumes. We maintain BUY with a target price of Rs 625, assigning a P/E multiple of ~21x to FY21E EPS of ~Rs 30.
... Read more
4-Feb-19
Price @ Call: 525.45
Target: 625
BUY

CONCOR Share Price Target - Broker Reports - 2018

14-Dec-18
Price @ Call: 650.4
Target: 590
SELL
7-Dec-18
Price @ Call: 660.37
Target: 800
BUY
30-Jul-18
Price @ Call: 646.75
Target: 780
BUY
30-Jul-18
Price @ Call: 646.75
Target: 775
BUY
28-Jul-18
Price @ Call: 651.88
Target: 769
BUY
27-Jul-18
Price @ Call: 649.3
Target: 822
ACCUMULATE
26-Jun-18
Price @ Call: 623
Target: 780
BUY
3-May-18
Price @ Call: 665.88
Target: 387.5
BUY
1-May-18
Price @ Call: 653.1
Target: 388.25
BUY
2-Apr-18
Price @ Call: 619.22
Target: 350
HOLD
30-Jan-18
Price @ Call: 689.87
Target: 387.5
ACCUMULATE
25-Jan-18
Price @ Call: 731.68
Target: 367.25
NEUTRAL

CONCOR Share Price Target - Broker Reports - 2017

5-Dec-17
Price @ Call: 646.14
Target: 437.5
BUY
2-Nov-17
Price @ Call: 693.5
Target: 605
SELL
2-Nov-17
Price @ Call: 693.5
Target: 780
BUY
13-Sep-17
Price @ Call: 702.5
Target: 845
BUY
1-Aug-17
Price @ Call: 590
Target: 685
BUY
19-Jul-17
Price @ Call: 593.5
Target: 685
BUY
30-May-17
Price @ Call: 585
Target: 685
BUY
22-Feb-17
Price @ Call: 970.4
Target: 976
HOLD
15-Feb-17
Price @ Call: 984
Target: 1168
BUY

CONCOR Share Price Target - Broker Reports - 2016

27-May-16
Price @ Call: 1100
Target: 1280
BUY
18-Nov-16
Price @ Call: 992
Target: 1168
BUY
26-Sep-16
Price @ Call: 1072
Target: 1280
BUY
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  • CONCOR Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3476.85
    Upside Target 2470.55
    Upside Target 1463.1
    Pivot456.8
    Downside Target 1449.35
    Downside Target 2443.05
    Downside Target 3435.6
  • CONCOR Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3492.83
    Upside Target 2478.67
    Upside Target 1464.88
    Pivot450.72
    Downside Target 1436.93
    Downside Target 2422.77
    Downside Target 3408.98
  • CONCOR Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3554.17
    Upside Target 2514.03
    Upside Target 1482.57
    Pivot442.43
    Downside Target 1410.97
    Downside Target 2370.83
    Downside Target 3339.37
  • CONCOR Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3470.55
    Upside Target 2465.3
    Upside Target 1462.05
    Pivot456.8
    Downside Target 1451.55
    Downside Target 2448.3
    Downside Target 3443.05
  • CONCOR Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3478.67
    Upside Target 2467.99
    Upside Target 1461.39
    Pivot450.72
    Downside Target 1440.04
    Downside Target 2433.44
    Downside Target 3422.77
  • CONCOR Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3514.03
    Upside Target 2486.68
    Upside Target 1469.78
    Pivot442.43
    Downside Target 1415.08
    Downside Target 2398.18
    Downside Target 3370.83
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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