Constellation Software (TSE:CSU) Given a C$4,400.00 Price Target by Royal Bank Of Canada Analysts

Key Points

• Royal Bank of Canada assigned Constellation Software a C$4,400 price target and maintained an “outperform” rating, implying approximately 42.23% upside from the prior close.
• Analyst sentiment remains favorable, with eight Buy ratings and one Hold rating; the consensus is “Moderate Buy” with an average price target of C$3,884.40.
• Shares recently traded at C$3,093.65, while the company reported quarterly EPS of C$18.37 and revenue of C$4.74 billion.

Constellation Software (TSE:CSU - Get Free Report) has been assigned a C$4,400.00 price objective by equities researchers at Royal Bank Of Canada in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 42.23% from the company's previous close.

Several other research analysts also recently issued reports on the company. National Bank Financial upped their price objective on Constellation Software from C$3,500.00 to C$3,700.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. BMO Capital Markets decreased their price target on shares of 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. Raymond James Financial raised their price target on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the company a "market perform" rating in a research note on Wednesday, August 12th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a research note on Thursday, May 14th. Finally, TD increased their price objective 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Constellation Software currently has an average rating of "Moderate Buy" and an average price target of C$3,884.40.

Constellation Software Price Performance

Shares of TSE CSU traded up C$14.99 during midday trading on Wednesday, reaching C$3,093.65. 23,720 shares of the company were exchanged, compared to its average volume of 79,359. The stock's 50-day moving average price is C$2,903.36 and its 200-day moving average price is C$2,696.74. The stock has a market cap of C$65.56 billion, a P/E ratio of 68.25, a PEG ratio of 2.95 and a beta of 0.59. Constellation Software has a one year low of C$2,196.00 and a one year high of C$4,634.98. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 141.06.

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

Insider Transactions at Constellation Software

In related news, Director Jamal Nizam Baksh sold 285 shares of the business's stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of C$2,754.86, for a total value of C$785,135.10. Following the transaction, the director 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. 5.69% of the stock is currently owned by insiders.

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.

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