Raymond James Financial Lowers Constellation Software (TSE:CSU) Price Target to C$3,200.00

Constellation Software (TSE:CSU) had its price target lowered by equities researchers at Raymond James Financial from C$3,700.00 to C$3,200.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 30.82% from the stock’s current price.

Other research analysts have also issued research reports about the company. BMO Capital Markets reduced their price target on Constellation Software from C$4,600.00 to C$4,200.00 in a research note on Tuesday, March 10th. Canadian Imperial Bank of Commerce dropped their price objective on Constellation Software from C$4,610.00 to C$4,080.00 in a report on Friday, April 17th. UBS Group dropped their price objective on Constellation Software from C$4,500.00 to C$4,250.00 in a report on Tuesday, March 31st. National Bank Financial upped their price objective on Constellation Software from C$3,200.00 to C$3,400.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 10th. Finally, TD Securities upped their price objective on Constellation Software from C$4,000.00 to C$4,100.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$3,978.75.

Constellation Software Trading Up 1.7%

Shares of Constellation Software stock traded up C$41.20 during trading hours on Wednesday, reaching C$2,446.20. 32,387 shares of the company’s stock were exchanged, compared to its average volume of 91,407. Constellation Software has a 52-week low of C$2,196.00 and a 52-week high of C$5,124.90. The firm has a market capitalization of C$51.84 billion, a price-to-earnings ratio of 101.29, a price-to-earnings-growth ratio of 2.95 and a beta of 0.39. The company has a fifty day moving average of C$2,532.80 and a 200-day moving average of C$2,882.14. The company has a current ratio of 0.96, a quick ratio of 0.55 and a debt-to-equity ratio of 161.87.

Constellation Software (TSE:CSU) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$24.08 earnings per share for the quarter. Constellation Software had a return on equity of 15.35% and a net margin of 4.40%.The company had revenue of C$4.42 billion for the quarter. Sell-side analysts forecast that Constellation Software will post 55.4616354 EPS 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.