Constellation Software (TSE:CSU) Price Target Raised to C$3,900.00

Constellation Software (TSE:CSU) had its price objective lifted by Desjardins from C$3,800.00 to C$3,900.00 in a research note published on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

CSU has been the topic of a number of other research reports. BMO Capital Markets cut their price objective on shares of Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. National Bank Financial upgraded shares of Constellation Software from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$3,400.00 to C$3,500.00 in a report on Wednesday, May 27th. TD lifted their price target on shares of Constellation Software from C$4,100.00 to C$4,200.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Jefferies Financial Group dropped their price target on shares of Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating for the company in a research note on Monday, May 25th. Finally, Canadian Imperial Bank of Commerce cut their price target on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday, May 14th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$3,863.50.

Constellation Software Price Performance

TSE:CSU opened at C$3,075.41 on Monday. The firm has a market capitalization of C$65.17 billion, a price-to-earnings ratio of 87.72, a PEG ratio of 2.95 and a beta of 0.59. 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 business has a 50 day simple moving average of C$2,885.01 and a 200-day simple moving average of C$2,665.30. Constellation Software has a 1 year low of C$2,196.00 and a 1 year high of C$4,712.00.

Constellation Software (TSE:CSU) last released its earnings results on Tuesday, August 11th. The company reported C$18.37 earnings per share for the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%.The firm had revenue of C$4.74 billion for the quarter. Equities analysts forecast that Constellation Software will post 55.4616354 EPS for the current year.

Insider Buying and Selling

In other Constellation Software news, Director Jamal Nizam Baksh sold 285 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of C$2,754.86, for a total value of C$785,135.10. Following the sale, the director owned 1,307 shares in the company, valued at C$3,600,602.02. This trade represents a 17.90% decrease in their ownership of the stock. 5.69% of the stock is owned by company insiders.

About Constellation Software

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.