Constellation Software (TSE:CSU) Price Target Raised to C$3,500.00

Constellation Software (TSE:CSU) had its price target upped by Raymond James Financial from C$3,200.00 to C$3,500.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the stock.

CSU has been the topic of several other research reports. Desjardins upped their target price on Constellation Software from C$3,800.00 to C$3,900.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce dropped their price target on Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday, May 14th. BMO Capital Markets dropped their price target on Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. TD boosted their price target on Constellation Software from C$4,100.00 to C$4,200.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada decreased their price objective on Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$3,884.40.

Constellation Software Stock Performance

Shares of CSU stock opened at C$3,089.46 on Wednesday. The company has a market capitalization of C$65.47 billion, a price-to-earnings ratio of 88.12, a PEG ratio of 2.95 and a beta of 0.59. The company has a debt-to-equity ratio of 141.06, a quick ratio of 0.55 and a current ratio of 0.90. The company has a 50-day simple moving average of C$2,892.64 and a 200 day simple moving average of C$2,670.94. Constellation Software has a 52 week low of C$2,196.00 and a 52 week high of C$4,634.98.

Constellation Software (TSE:CSU) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$18.37 earnings per share for the quarter. The firm had revenue of C$4.74 billion for the quarter. Constellation Software had a net margin of 7.57% and a return on equity of 25.24%. On average, sell-side analysts predict that Constellation Software will post 55.4616354 earnings per share for the current year.

Insider Activity

In related news, Director Jamal Nizam Baksh sold 285 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of C$2,754.86, for a total transaction of C$785,135.10. Following the sale, the director owned 1,307 shares of the company’s stock, valued at C$3,600,602.02. This represents a 17.90% decrease in their ownership of the stock. Company 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.