Constellation Software (TSE:CSU) PT Set at C$4,400.00 by RBC Dominion Securities

Key Points

• RBC Dominion Securities set a C$4,400 price target for Constellation Software and maintained an “outperform” rating, implying approximately 30% upside from the reported share price.
• Analyst sentiment remains broadly positive: nine analysts rate the stock a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average target of C$3,931.27.
• Shares traded at C$3,383.58, while the company reported C$18.37 in quarterly EPS and C$4.74 billion in revenue. The stock has a C$71.70 billion market capitalization and trades at a P/E ratio of 74.64.

Constellation Software (TSE:CSU - Get Free Report) has been given a C$4,400.00 price target by investment analysts at RBC Dominion Securities in a report released on Friday, BayStreet reports. The firm currently has an "outperform" rating on the stock. RBC Dominion Securities's price target would suggest a potential upside of 30.04% from the stock's current price.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group increased their price target on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research report on Thursday, August 13th. Raymond James Financial upped their price objective on Constellation Software from C$3,200.00 to C$3,500.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 12th. Royal Bank Of Canada set a C$4,400.00 target price on Constellation Software and gave the stock an "outperform" rating in a report on Wednesday, August 26th. Desjardins raised their target price on Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Finally, National Bank Financial lifted their target price on Constellation Software from C$3,500.00 to C$3,700.00 and gave the company an "outperform" rating in a research report on Thursday, August 13th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$3,931.27.

Constellation Software Stock Performance

Shares of TSE:CSU traded down C$24.99 during trading on Friday, hitting C$3,383.58. The company's stock had a trading volume of 39,237 shares, compared to its average volume of 75,916. The company has a 50-day moving average of C$2,998.17 and a 200-day moving average of C$2,836.98. Constellation Software has a 12 month low of C$2,196.00 and a 12 month high of C$3,898.03. 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 cap of C$71.70 billion, a price-to-earnings ratio of 74.64, a P/E/G ratio of 2.95 and a beta of 0.72.

Constellation Software (TSE:CSU - Get Free Report) last announced its 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, sell-side analysts expect that Constellation Software will post 55.46 earnings per share for the current year.

Insiders Place Their Bets

In other Constellation Software news, insider John Edward Billowits sold 1,200 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of C$3,203.00, for a total value of C$3,843,600.00. Following the completion of the sale, the insider owned 12,370 shares in the company, valued at approximately C$39,621,110. This represents a 8.84% decrease in their position. Also, Director Jamal Nizam Baksh sold 149 shares of the business's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of C$2,871.23, for a total value of C$427,813.27. Following the completion of the transaction, the director owned 143 shares in the company, valued at C$410,585.89. The trade was a 51.03% 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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