Constellation Software (TSE:CSU) Stock Price Expected to Rise, Desjardins Analyst Says

Constellation Software (TSE:CSU) had its target price raised by Desjardins from C$3,800.00 to C$3,900.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 17.50% from the stock’s current price.

CSU has been the topic of a number of other reports. Canadian Imperial Bank of Commerce reduced their target price on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday, May 14th. TD raised their target price on shares of Constellation Software from C$4,100.00 to C$4,200.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Jefferies Financial Group lowered their target price on shares of Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating for the company in a research note on Monday, May 25th. Royal Bank Of Canada reduced their price target on Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Finally, BMO Capital Markets lowered their price objective on Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$3,833.50.

Constellation Software Price Performance

Constellation Software stock traded up C$97.47 during mid-day trading on Monday, hitting C$3,319.07. 24,791 shares of the company were exchanged, compared to its average volume of 81,482. The company has a debt-to-equity ratio of 143.18, a current ratio of 0.91 and a quick ratio of 0.55. The business’s 50 day simple moving average is C$2,864.35 and its two-hundred day simple moving average is C$2,654.65. The company has a market capitalization of C$70.34 billion, a P/E ratio of 94.67, a PEG ratio of 2.95 and a beta of 0.59. Constellation Software has a 12-month low of C$2,196.00 and a 12-month high of C$4,922.93.

Constellation Software (TSE:CSU) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$24.08 earnings per share (EPS) for the quarter. The business had revenue of C$4.42 billion for the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%. Analysts forecast that Constellation Software will post 55.4616354 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Constellation Software news, Director Jamal Nizam Baksh sold 285 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of C$2,754.86, for a total transaction of C$785,135.10. Following the transaction, the director owned 1,307 shares of the company’s stock, valued at C$3,600,602.02. This trade represents a 17.90% decrease in their ownership of the stock. 5.69% of the stock is currently owned by corporate insiders.

About Constellation Software

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.