CIBC Issues Pessimistic Forecast for Constellation Software (TSE:CSU) Stock Price

Constellation Software (TSE:CSU) had its price objective dropped by CIBC from C$5,260.00 to C$4,668.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 63.57% from the company’s current price.

CSU has been the topic of several other reports. Raymond James Financial decreased their price target on shares of Constellation Software from C$5,250.00 to C$4,300.00 in a research report on Monday, November 10th. Jefferies Financial Group reduced their price objective on Constellation Software from C$5,850.00 to C$4,500.00 in a research note on Monday, November 10th. TD Securities decreased their price objective on Constellation Software from C$5,700.00 to C$5,300.00 in a research note on Monday, November 10th. BMO Capital Markets cut their price objective on Constellation Software from C$5,400.00 to C$4,600.00 in a research note on Monday, November 10th. Finally, Royal Bank Of Canada set a C$5,600.00 target price on shares of Constellation Software and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$4,781.14.

Constellation Software Stock Performance

TSE:CSU traded down C$68.20 on Friday, hitting C$2,853.81. The stock had a trading volume of 93,468 shares, compared to its average volume of 82,988. The business’s 50-day simple moving average is C$3,295.41 and its two-hundred day simple moving average is C$3,988.96. The stock has a market cap of C$60.48 billion, a price-to-earnings ratio of 88.08, a price-to-earnings-growth ratio of 2.95 and a beta of 0.43. Constellation Software has a 52-week low of C$2,800.00 and a 52-week high of C$5,300.00. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83.

Constellation Software (TSE:CSU) last released its quarterly earnings results on Friday, November 7th. The company reported C$9.89 EPS for the quarter. The firm had revenue of C$4.10 billion during the quarter. Constellation Software had a net margin of 6.57% and a return on equity of 27.34%. As a group, research analysts predict that Constellation Software will post 55.4616354 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Barry Alan Symons sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of C$3,304.25, for a total value of C$8,260,625.00. Following the transaction, the insider directly owned 57,000 shares of the company’s stock, valued at approximately C$188,342,250. The trade was a 4.20% decrease in their position. Corporate insiders own 5.69% of the company’s stock.

Constellation Software Company Profile

Constellation Software is an international provider of market-leading software and services to a number of industries. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries. Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base.