Constellation Software (TSE:CSU) Price Target Raised to C$3,700.00

Constellation Software (TSE:CSU) had its target price increased by National Bank Financial from C$3,500.00 to C$3,700.00 in a research report released on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts also recently weighed in on the stock. Desjardins lifted their price objective on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce decreased their target price on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a research report on Thursday, May 14th. Royal Bank Of Canada decreased their target price on shares of Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. BMO Capital Markets dropped their price target 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 note on Wednesday, May 13th. Finally, TD lifted their price target on Constellation Software from C$4,100.00 to C$4,200.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$3,884.40.

Constellation Software Price Performance

Shares of TSE CSU opened at C$3,089.46 on Thursday. The company has a debt-to-equity ratio of 141.06, a current ratio of 0.90 and a quick ratio of 0.55. The firm has a market capitalization of C$65.47 billion, a PE ratio of 68.15, a P/E/G ratio of 2.95 and a beta of 0.59. Constellation Software has a 1-year low of C$2,196.00 and a 1-year high of C$4,634.98. The business’s fifty day moving average price is C$2,892.64 and its two-hundred day moving average price is C$2,670.94.

Constellation Software (TSE:CSU) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$18.37 earnings per share (EPS) for the quarter. The company had revenue of C$4.74 billion during the quarter. Constellation Software had a net margin of 7.57% and a return on equity of 25.24%. On average, research analysts expect that Constellation Software will post 55.4616354 EPS for the current year.

Insider Activity at Constellation Software

In related news, Director Jamal Nizam Baksh sold 285 shares of Constellation Software stock in a transaction dated 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 sale, the director directly owned 1,307 shares in the company, valued at C$3,600,602.02. The trade was a 17.90% decrease in their ownership of the stock. Company insiders own 5.69% of the company’s stock.

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.