Constellation Software (TSE:CSU) Downgraded to Sector Perform Rating by National Bankshares

Key Points

• Constellation Software's stock was downgraded from "outperform" to "sector perform" by National Bankshares, with a new price target lowered to C$4,500.00, reflecting a potential upside of 24.17% from its current price.
• Analysts from other firms have differing perspectives, with TD Securities setting a C$5,700.00 price target and a "buy" rating, while BMO Capital Markets reduced their target to C$5,400.00.
• The company's stock traded down to C$3,624.00 recently, and it has exhibited a significant range over the past year, with a low of C$3,390.01 and a high of C$5,300.00.

Constellation Software (TSE:CSU - Get Free Report) was downgraded by research analysts at National Bankshares from an "outperform" rating to a "sector perform" rating in a report issued on Friday,BayStreet.CA reports. They currently have a C$4,500.00 price objective on the stock, down from their previous price objective of C$5,500.00. National Bankshares' price target points to a potential upside of 24.17% from the stock's current price.

Other research analysts have also recently issued reports about the company. TD Securities set a C$5,700.00 target price on Constellation Software and gave the stock a "buy" rating in a report on Thursday. BMO Capital Markets reduced their price target on shares of Constellation Software from C$5,700.00 to C$5,400.00 in a research report on Monday, August 11th. Finally, Royal Bank Of Canada lifted their price target on shares of Constellation Software from C$5,700.00 to C$6,000.00 and gave the company an "outperform" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Constellation Software presently has a consensus rating of "Buy" and an average target price of C$5,450.00.

Constellation Software Price Performance

Shares of Constellation Software stock traded down C$267.40 on Friday, hitting C$3,624.00. 80,335 shares of the company were exchanged, compared to its average volume of 37,866. The stock has a market capitalization of C$76.80 billion, a price-to-earnings ratio of 119.84, a price-to-earnings-growth ratio of 2.95 and a beta of 0.77. The company has a 50-day moving average price of C$4,540.40 and a 200 day moving average price of C$4,728.69. Constellation Software has a 1-year low of C$3,390.01 and a 1-year high of C$5,300.00. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83.

Constellation Software Company Profile

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.

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