Canadian Imperial Bank of Commerce Cuts Constellation Software (TSE:CSU) Price Target to C$4,080.00

Key Points

• Canadian Imperial Bank of Commerce cut its price target for Constellation Software from C$4,610 to C$4,080, implying about a 54.38% upside from the stock's previous close.
• Analyst sentiment is mixed but overall positive: five analysts rate the stock Buy and two Hold, leaving a MarketBeat consensus of Moderate Buy with a consensus price target of C$4,128.75.
• Constellation traded at C$2,642.84 with a market cap of C$56.01B and a high valuation (P/E ~109), after reporting quarterly EPS of C$7.12 and revenue of C$4.19B.

Constellation Software (TSE:CSU - Get Free Report) had its price target cut by equities researchers at Canadian Imperial Bank of Commerce from C$4,610.00 to C$4,080.00 in a report issued on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce's target price would suggest a potential upside of 54.38% from the company's previous close.

Several other equities research analysts have also issued reports on CSU. UBS Group dropped their price objective on Constellation Software from C$4,500.00 to C$4,250.00 in a research note on Tuesday, March 31st. National Bank Financial lifted their price objective on Constellation Software from C$3,200.00 to C$3,400.00 and gave the company a "sector perform" rating in a research note on Tuesday, March 10th. BMO Capital Markets dropped their price target on Constellation Software from C$4,600.00 to C$4,200.00 in a research note on Tuesday, March 10th. Royal Bank Of Canada dropped their price target on Constellation Software from C$5,600.00 to C$4,800.00 and set an "outperform" rating for the company in a research note on Monday, January 26th. Finally, TD Securities lifted their price target on Constellation Software from C$4,000.00 to C$4,100.00 and gave the stock a "buy" rating in a research note on Tuesday, March 10th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Constellation Software currently has a consensus rating of "Moderate Buy" and a consensus price target of C$4,128.75.

Constellation Software Stock Performance

TSE:CSU traded up C$11.35 during trading hours on Friday, reaching C$2,642.84. The stock had a trading volume of 26,718 shares, compared to its average volume of 101,235. The company has a debt-to-equity ratio of 161.87, a quick ratio of 0.55 and a current ratio of 0.96. The stock has a 50 day simple moving average of C$2,503.05 and a 200 day simple moving average of C$3,045.85. Constellation Software has a 12-month low of C$2,196.00 and a 12-month high of C$5,300.00. The stock has a market cap of C$56.01 billion, a P/E ratio of 109.43, a price-to-earnings-growth ratio of 2.95 and a beta of 0.39.

Constellation Software (TSE:CSU - Get Free Report) last released its earnings results on Monday, March 9th. The company reported C$7.12 earnings per share (EPS) for the quarter. The business had revenue of C$4.19 billion during the quarter. Constellation Software had a return on equity of 15.35% and a net margin of 4.40%. On average, research analysts forecast that Constellation Software will post 55.4616354 EPS for the current fiscal year.

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.

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