Constellation Software (TSE:CSU) Stock Rating Lowered by National Bank Financial

Key Points

• National Bank Financial downgraded Constellation Software's rating from "strong-buy" to "hold" in a recent report.
• Despite the downgrade, TD Securities set a price target of C$5,700.00 and maintained a "buy" rating, while the average price target across analysts is C$5,450.00.
• Constellation Software's stock opened at C$3,660.00 and has a market cap of C$77.56 billion, with a price-to-earnings ratio of 121.03.

Constellation Software (TSE:CSU - Get Free Report) was downgraded by investment analysts at National Bank Financial from a "strong-buy" rating to a "hold" rating in a report released on Thursday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. TD Securities set a C$5,700.00 price objective on shares of Constellation Software and gave the company a "buy" rating in a research note on Thursday. BMO Capital Markets reduced their price objective on shares of Constellation Software from C$5,700.00 to C$5,400.00 in a research note on Monday, August 11th. National Bankshares downgraded shares of Constellation Software from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from C$5,500.00 to C$4,500.00 in a research note on Friday. Finally, Royal Bank Of Canada increased their price objective 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 note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$5,450.00.

Constellation Software Price Performance

CSU opened at C$3,660.00 on Thursday. Constellation Software has a twelve month low of C$3,390.01 and a twelve month high of C$5,300.00. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. The firm has a market cap of C$77.56 billion, a price-to-earnings ratio of 121.03, a PEG ratio of 2.95 and a beta of 0.77. The company has a fifty day simple moving average of C$4,513.91 and a 200 day simple moving average of C$4,721.36.

About Constellation Software

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.