Constellation Software (TSE:CSU) Rating Increased to Outperform at National Bank Financial

Constellation Software (TSE:CSU) was upgraded by investment analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a C$3,500.00 price objective on the stock, up from their previous price objective of C$3,400.00. National Bank Financial’s target price indicates a potential upside of 31.86% from the company’s previous close.

Several other research firms have also commented on CSU. Canadian Imperial Bank of Commerce reduced their price target on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a research report on Thursday, May 14th. Jefferies Financial Group reduced their price target on shares of Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating on the stock in a research report on Monday. Desjardins reduced their price target on shares of Constellation Software from C$3,900.00 to C$3,800.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Royal Bank Of Canada cut their target price on Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Finally, UBS Group cut their target price on Constellation Software from C$4,500.00 to C$4,250.00 in a research report on Tuesday, March 31st. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$3,823.50.

Constellation Software Trading Down 1.1%

Shares of CSU stock traded down C$29.97 during trading on Wednesday, hitting C$2,654.31. 24,542 shares of the stock traded hands, compared to its average volume of 88,605. The firm has a market capitalization of C$56.25 billion, a P/E ratio of 75.71, a price-to-earnings-growth ratio of 2.95 and a beta of 0.39. The company has a debt-to-equity ratio of 143.18, a current ratio of 0.91 and a quick ratio of 0.55. The firm’s fifty day moving average price is C$2,515.42 and its 200-day moving average price is C$2,812.12. Constellation Software has a 52-week low of C$2,196.00 and a 52-week high of C$5,060.70.

Constellation Software (TSE:CSU) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$24.08 EPS for the quarter. The firm had revenue of C$4.42 billion for the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%. As a group, research analysts forecast that Constellation Software will post 55.4616354 earnings per share for the current fiscal year.

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.