Constellation Software (TSE:CSU) Given New C$3,800.00 Price Target at Raymond James Financial

Constellation Software (TSE:CSU) had its target price increased by research analysts at Raymond James Financial from C$3,500.00 to C$3,800.00 in a note issued to investors on Monday, BayStreet reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial‘s price target would indicate a potential upside of 14.27% from the stock’s previous close.

Several other brokerages have also recently weighed in on CSU. Jefferies Financial Group boosted their price target on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research report on Thursday, August 13th. National Bank Financial increased their price objective on shares of Constellation Software from C$3,500.00 to C$3,700.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. RBC Dominion Securities set a C$4,400.00 price objective on shares of Constellation Software and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Royal Bank Of Canada set a C$4,400.00 target price on shares of Constellation Software and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Finally, Desjardins boosted their target price on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$3,958.55.

Constellation Software Price Performance

TSE:CSU traded down C$201.07 during trading hours on Monday, reaching C$3,325.45. The stock had a trading volume of 57,724 shares, compared to its average volume of 75,178. The stock has a market capitalization of C$70.47 billion, a PE ratio of 73.36, a PEG ratio of 2.95 and a beta of 0.82. Constellation Software has a 52 week low of C$2,196.00 and a 52 week high of C$3,570.01. The company has a 50 day moving average price of C$3,075.42 and a two-hundred day moving average price of C$2,791.74. The company has a debt-to-equity ratio of 141.06, a quick ratio of 0.55 and a current ratio of 0.90.

Constellation Software (TSE:CSU) last posted its earnings results on Friday, November 6th. The company reported C$14.25 EPS for the quarter. Constellation Software had a return on equity of 25.24% and a net margin of 7.57%. The firm had revenue of C$5 billion during the quarter. As a group, sell-side analysts anticipate that Constellation Software will post 55.46 earnings per share for the current fiscal year.

Insider Activity at Constellation Software

In related news, insider John Edward Billowits sold 1,200 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of C$3,203.00, for a total value of C$3,843,600.00. Following the completion of the sale, the insider directly owned 12,370 shares in the company, valued at C$39,621,110. This trade represents a 8.84% decrease in their ownership of the stock. Also, Director Jamal Nizam Baksh sold 149 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of C$2,871.23, for a total value of C$427,813.27. Following the completion of the sale, the director owned 143 shares of the company’s stock, valued at approximately C$410,585.89. This represents a 51.03% decrease in their ownership of the stock. 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.