Constellation Software (TSE:CSU) Price Target Raised to C$3,700.00

Key Points

• National Bank Financial raised Constellation Software’s price target from C$3,500 to C$3,700 and maintained an “outperform” rating, implying about 20% upside from the reported share price.
• Analyst sentiment remains positive, with eight Buy ratings and one Hold rating; the consensus rating is “Moderate Buy” with an average target of C$3,884.40.
• Shares traded at C$3,083.25, while the company reported quarterly EPS of C$18.37 and revenue of C$4.74 billion. A director also sold 285 shares worth approximately C$785,000.

Constellation Software (TSE:CSU - Get Free Report) had its price objective raised by research analysts at National Bank Financial from C$3,500.00 to C$3,700.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price objective would suggest a potential upside of 20.00% from the company's current price.

CSU has been the topic of a number of other reports. Jefferies Financial Group decreased their price objective on Constellation Software from C$3,500.00 to C$3,185.00 and set a "buy" rating on the stock in a report on Monday, May 25th. Desjardins increased their price target on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the company a "buy" rating in a research report on Monday. BMO Capital Markets decreased their price target 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. Raymond James Financial boosted their price objective on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the stock a "market perform" rating in a report on Wednesday. Finally, TD upped their price objective on shares of Constellation Software from C$4,100.00 to C$4,200.00 and gave the company a "buy" rating in a research note on Thursday, May 14th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$3,884.40.

Constellation Software Price Performance

Shares of Constellation Software stock traded up C$7.84 on Thursday, reaching C$3,083.25. The stock had a trading volume of 15,940 shares, compared to its average volume of 81,247. Constellation Software has a 1 year low of C$2,196.00 and a 1 year high of C$4,634.98. The company has a market cap of C$65.34 billion, a P/E ratio of 87.94, a price-to-earnings-growth ratio of 2.95 and a beta of 0.59. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 143.18. The business's 50 day moving average is C$2,885.01 and its two-hundred day moving average is C$2,665.30.

Constellation Software (TSE:CSU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$18.37 earnings per share (EPS) for the quarter. The company had revenue of C$4.74 billion during the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%. As a group, research analysts anticipate that Constellation Software will post 55.4616354 EPS 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 dated Tuesday, June 23rd. The shares were sold at an average price of C$2,754.86, for a total value of C$785,135.10. Following 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 ownership of the stock. 5.69% of the stock is currently owned by company 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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