National Bankshares Boosts Constellation Software (TSE:CSU) Price Target to C$5,000.00

Constellation Software (TSE:CSU) had its target price lifted by equities researchers at National Bankshares from C$4,800.00 to C$5,000.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 15.00% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada boosted their price objective on Constellation Software from C$4,300.00 to C$4,700.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Raymond James boosted their price objective on Constellation Software from C$3,800.00 to C$4,250.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. Finally, CIBC boosted their price objective on Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Constellation Software currently has a consensus rating of “Moderate Buy” and a consensus target price of C$4,541.67.

Constellation Software Price Performance

TSE CSU traded up C$19.18 during midday trading on Thursday, hitting C$4,347.86. The company had a trading volume of 7,468 shares, compared to its average volume of 29,966. The company has a market capitalization of C$92.13 billion, a PE ratio of 102.71, a P/E/G ratio of 2.95 and a beta of 0.81. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 151.81. The firm has a 50-day moving average price of C$4,327.02 and a 200-day moving average price of C$4,036.63. Constellation Software has a twelve month low of C$2,665.01 and a twelve month high of C$4,476.50.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Friday, August 9th. The company reported C$31.00 earnings per share for the quarter, beating the consensus estimate of C$29.71 by C$1.29. The firm had revenue of C$3.38 billion during the quarter, compared to analysts’ expectations of C$3.40 billion. Constellation Software had a return on equity of 15.93% and a net margin of 7.00%. As a group, analysts anticipate that Constellation Software will post 55.4616354 earnings per share for the current fiscal year.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.