Constellation Software (TSE:CSU) Stock Gets Price Target Boost from Canaccord Genuity Group

Key Points

• Canaccord Genuity raised its price target on Constellation Software from C$3,700 to C$4,100 and maintained an “outperform” rating, implying 18.55% upside from the prior close.
• Analyst sentiment is broadly positive: 10 analysts rate the stock Buy and one rates it Hold, with a consensus “Moderate Buy” rating and average target of C$4,012.
• Shares rose 1.9% to C$3,458.35 during Tuesday trading.

Constellation Software (TSE:CSU - Get Free Report) had its price objective lifted by equities researchers at Canaccord Genuity Group from C$3,700.00 to C$4,100.00 in a research report issued to clients and investors on Tuesday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 18.55% from the company's previous close.

CSU has been the subject of several other research reports. Jefferies Financial Group increased their target price on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a report on Thursday, August 13th. RBC Dominion Securities set a C$4,400.00 price target on shares of Constellation Software and gave the stock an "outperform" rating in a report on Friday, October 23rd. National Bank Financial boosted their price target on shares of Constellation Software from C$3,500.00 to C$3,700.00 and gave the stock an "outperform" rating in a report on Thursday, August 13th. Royal Bank Of Canada set a C$4,400.00 price objective on shares of Constellation Software and gave the stock an "outperform" rating in a research report on Wednesday, August 26th. Finally, TD increased their price objective on shares of Constellation Software from C$4,200.00 to C$4,500.00 and gave the company a "buy" rating in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Constellation Software has a consensus rating of "Moderate Buy" and an average price target of C$4,012.00.

Constellation Software Stock Up 1.9%

Shares of TSE:CSU traded up C$66.06 during mid-day trading on Tuesday, hitting C$3,458.35. 13,440 shares of the company traded hands, compared to its average volume of 75,110. The stock has a 50-day moving average price of C$3,079.99 and a two-hundred day moving average price of C$2,795.17. Constellation Software has a 12-month low of C$2,196.00 and a 12-month high of C$3,532.73. The stock has a market cap of C$73.29 billion, a P/E ratio of 76.29, a P/E/G ratio of 2.95 and a beta of 0.82. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 133.36.

Constellation Software (TSE:CSU - Get Free Report) last released its quarterly earnings results on Friday, November 6th. The company reported C$14.25 EPS for the quarter. Constellation Software had a return on equity of 24.05% and a net margin of 7.25%. The business had revenue of C$5 billion during the quarter. On average, equities research analysts forecast that Constellation Software will post 55.46 earnings per share for the current year.

Insider Buying and Selling at Constellation Software

In other news, Director Jamal Nizam Baksh sold 149 shares of Constellation Software stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of C$2,871.23, for a total transaction of C$427,813.27. Following the sale, the director directly owned 143 shares in the company, valued at C$410,585.89. The trade was a 51.03% decrease in their position. Also, insider John Edward Billowits sold 1,200 shares of Constellation Software 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 sale, the insider owned 12,370 shares in the company, valued at C$39,621,110. The trade was a 8.84% decrease in their ownership of the stock. Company insiders own 5.69% of the company's stock.

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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