Constellation Software (TSE:CSU) Price Target Cut to C$3,185.00 by Analysts at Jefferies Financial Group

Constellation Software (TSE:CSU) had its price objective lowered by research analysts at Jefferies Financial Group from C$3,500.00 to C$3,185.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 15.50% from the company’s previous close.

Several other brokerages have also weighed in on CSU. Desjardins cut their price objective on shares of Constellation Software from C$3,900.00 to C$3,800.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. TD raised their price objective on shares of Constellation Software from C$4,100.00 to C$4,200.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. 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. Royal Bank Of Canada cut their price objective on shares of Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Finally, National Bank Financial raised their price objective on shares of Constellation Software from C$3,200.00 to C$3,400.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 10th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$3,813.50.

Constellation Software Stock Up 1.3%

CSU traded up C$36.17 during midday trading on Monday, hitting C$2,757.65. 6,531 shares of the company’s stock traded hands, compared to its average volume of 89,540. The company has a market cap of C$58.44 billion, a PE ratio of 78.66, a price-to-earnings-growth ratio of 2.95 and a beta of 0.39. The stock’s fifty day simple moving average is C$2,509.14 and its 200-day simple moving average is C$2,823.53. The company has a debt-to-equity ratio of 143.18, a current ratio of 0.91 and a quick ratio of 0.55. Constellation Software has a one year low of C$2,196.00 and a one year high of C$5,060.70.

Constellation Software (TSE:CSU) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$24.08 earnings per share for the quarter. The firm had revenue of C$4.42 billion for the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%. As a group, equities analysts anticipate that Constellation Software will post 55.4616354 earnings per share 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.