Constellation Software (TSE:CSU) Price Target Raised to C$3,900.00 at Desjardins

Key Points

• Desjardins raised Constellation Software’s price target to C$3,900 from C$3,800 and maintained a “buy” rating, implying 17.5% 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 target of C$3,833.50.
• The stock traded at C$3,319.07 and has a C$70.34 billion market capitalization. In its latest quarter, the company reported C$24.08 in EPS and C$4.42 billion in revenue.

Constellation Software (TSE:CSU - Get Free Report) had its target price increased by analysts at Desjardins from C$3,800.00 to C$3,900.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' target price would suggest a potential upside of 17.50% from the stock's previous close.

Several other equities research analysts have also commented on the stock. Raymond James Financial decreased their target price on shares of Constellation Software from C$3,700.00 to C$3,200.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday, May 14th. National Bank Financial upgraded shares of Constellation Software from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from C$3,400.00 to C$3,500.00 in a research report on Wednesday, May 27th. TD increased their target price on shares of Constellation Software from C$4,100.00 to C$4,200.00 and gave the company a "buy" rating in a report on Thursday, May 14th. Finally, Royal Bank Of Canada reduced their price target 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. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Constellation Software currently has an average rating of "Moderate Buy" and a consensus target price of C$3,833.50.

Constellation Software Stock Performance

Constellation Software stock traded up C$97.47 during trading hours on Monday, reaching C$3,319.07. 24,791 shares of the stock were exchanged, compared to its average volume of 81,482. Constellation Software has a 52-week low of C$2,196.00 and a 52-week high of C$4,922.93. The stock has a market cap of C$70.34 billion, a P/E ratio of 94.67, a P/E/G 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's 50 day moving average is C$2,864.35 and its 200 day moving average is C$2,654.65.

Constellation Software (TSE:CSU - Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$24.08 EPS for the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%. The firm had revenue of C$4.42 billion during the quarter. Analysts predict that Constellation Software will post 55.4616354 EPS for the current fiscal year.

Insider Activity at Constellation Software

In related news, Director Jamal Nizam Baksh sold 285 shares of the 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 sale, the director directly owned 1,307 shares of the company's stock, valued at approximately C$3,600,602.02. This represents a 17.90% decrease in their position. 5.69% of the stock is owned by corporate insiders.

Constellation Software Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source