Constellation Software Inc. (TSE:CSU) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus: Eight of nine analysts rate Constellation Software a buy, while one recommends holding the stock. The average 12-month price target is C$3,833.50.
• Recent analyst actions were mixed, with Raymond James and BMO lowering their targets, while Desjardins, National Bank Financial, and TD raised theirs; ratings ranged from “market perform” to “buy.”
• Constellation Software reported quarterly earnings of C$24.08 per share on C$4.42 billion in revenue. Shares opened at C$3,304.36, with a market capitalization of approximately C$70.03 billion.

Shares of Constellation Software Inc. (TSE:CSU - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$3,833.50.

A number of research analysts have issued reports on CSU shares. Raymond James Financial reduced their target price on shares of Constellation Software from C$3,700.00 to C$3,200.00 and set a "market perform" rating for the company in a research note on Wednesday, May 13th. BMO Capital Markets cut their price target on Constellation Software from C$4,200.00 to C$3,500.00 and set an "outperform" rating on the stock in a report on Wednesday, May 13th. Desjardins boosted their price objective on Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a "buy" rating in a research report on Monday. National Bank Financial raised Constellation Software from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$3,400.00 to C$3,500.00 in a report on Wednesday, May 27th. Finally, TD increased their price objective on Constellation Software from C$4,100.00 to C$4,200.00 and gave the stock a "buy" rating in a report on Thursday, May 14th.

Constellation Software Stock Performance

Shares of CSU opened at C$3,304.36 on Tuesday. Constellation Software has a 1 year low of C$2,196.00 and a 1 year high of C$4,922.93. The company has a market cap of C$70.03 billion, a price-to-earnings ratio of 94.25, a price-to-earnings-growth ratio of 2.95 and a beta of 0.59. The company has a debt-to-equity ratio of 143.18, a quick ratio of 0.55 and a current ratio of 0.91. The firm has a fifty day moving average of C$2,871.80 and a 200-day moving average of C$2,659.13.

Constellation Software (TSE:CSU - Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$24.08 earnings per share for the quarter. The business had revenue of C$4.42 billion for the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%. As a group, equities analysts anticipate that Constellation Software will post 55.4616354 earnings per share for the current year.

Insider Transactions at Constellation Software

In other Constellation Software news, Director Jamal Nizam Baksh sold 285 shares of the business's stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of C$2,754.86, for a total transaction of C$785,135.10. Following the completion of the transaction, the director owned 1,307 shares in the company, valued at approximately C$3,600,602.02. The trade was a 17.90% decrease in their position. 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.

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