Constellation Software (TSE:CSU) Given New C$3,294.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies raised Constellation Software’s price target to C$3,294 from C$3,185, implying 7.09% upside from the previous close.
• Analyst sentiment remains positive, with eight Buy ratings and one Hold rating; the consensus rating is Moderate Buy with an average price target of C$3,884.40.
• Shares traded at C$3,075.82, while the company reported C$18.37 in quarterly EPS and C$4.74 billion in revenue. A director also sold 285 shares for approximately C$785,135.

Constellation Software (TSE:CSU - Get Free Report) had its price target lifted by stock analysts at Jefferies Financial Group from C$3,185.00 to C$3,294.00 in a report issued on Thursday,BayStreet.CA reports. Jefferies Financial Group's price target points to a potential upside of 7.09% from the stock's previous close.

Several other research analysts have also recently issued reports on the company. Desjardins increased their price target on Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a "buy" rating in a research note on Monday. Canadian Imperial Bank of Commerce cut their price objective on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a research note on Thursday, May 14th. TD upped their price objective on shares of 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. Royal Bank Of Canada decreased their target price on shares of Constellation Software from C$4,800.00 to C$4,500.00 and set an "outperform" rating for the company in a research report on Thursday, May 14th. Finally, BMO Capital Markets lowered their target price on shares of Constellation Software from C$4,200.00 to C$3,500.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Constellation Software has an average rating of "Moderate Buy" and an average price target of C$3,884.40.

Constellation Software Stock Performance

Shares of TSE CSU traded up C$0.41 during midday trading on Thursday, hitting C$3,075.82. 15,523 shares of the company's stock were exchanged, compared to its average volume of 81,236. The company has a debt-to-equity ratio of 143.18, a current ratio of 0.91 and a quick ratio of 0.55. The stock's 50 day moving average price is C$2,885.01 and its 200-day moving average price is C$2,665.30. The firm has a market cap of C$65.18 billion, a P/E ratio of 87.73, a PEG ratio of 2.95 and a beta of 0.59. Constellation Software has a twelve month low of C$2,196.00 and a twelve month high of C$4,634.98.

Constellation Software (TSE:CSU - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported C$18.37 EPS for the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%.The firm had revenue of C$4.74 billion for the quarter. Equities research analysts anticipate that Constellation Software will post 55.4616354 EPS for the current year.

Insider Transactions at Constellation Software

In related news, Director Jamal Nizam Baksh sold 285 shares of Constellation Software stock in a transaction dated 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 transaction, the director directly owned 1,307 shares of the company's stock, valued at C$3,600,602.02. The trade was a 17.90% decrease in their ownership of the stock. 5.69% of the stock is currently owned by insiders.

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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