Raymond James Financial Forecasts Strong Price Appreciation for Constellation Software (TSE:CSU) Stock

Key Points

• Raymond James raised Constellation Software’s price target to C$3,500 from C$3,200 while maintaining a “market perform” rating, implying 16.19% upside from the previous close.
• Analyst sentiment remains positive overall, with eight Buy ratings and one Hold rating; the consensus price target is C$3,863.50, or above Raymond James’ forecast.
• Shares traded at C$3,012.21 after falling C$208.40, while the company reported quarterly EPS of C$18.37 and revenue of C$4.74 billion.

Constellation Software (TSE:CSU - Get Free Report) had its price target hoisted by stock analysts at Raymond James Financial from C$3,200.00 to C$3,500.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a "market perform" rating on the stock. Raymond James Financial's target price indicates a potential upside of 16.19% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on CSU. TD increased their target price on shares of Constellation Software from C$4,100.00 to C$4,200.00 and gave the stock a "buy" rating in a research report on Thursday, May 14th. Canadian Imperial Bank of Commerce reduced their price target on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a research report on Thursday, May 14th. Jefferies Financial Group decreased their price objective on shares of Constellation Software from C$3,500.00 to C$3,185.00 and set a "buy" rating on the stock in a research note on Monday, May 25th. Royal Bank Of Canada dropped their price objective 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 report on Thursday, May 14th. Finally, Desjardins lifted their target price 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 note on Monday. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$3,863.50.

Constellation Software Price Performance

CSU stock traded down C$208.40 during trading on Wednesday, hitting C$3,012.21. The company had a trading volume of 38,807 shares, compared to its average volume of 81,398. The company has a fifty day moving average price of C$2,878.51 and a two-hundred day moving average price of C$2,662.75. Constellation Software has a fifty-two week low of C$2,196.00 and a fifty-two week high of C$4,712.00. The company has a market cap of C$63.83 billion, a P/E ratio of 85.92, a P/E/G 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.

Constellation Software (TSE:CSU - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$18.37 earnings per share (EPS) for the quarter. The firm 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%. Equities research analysts expect that Constellation Software will post 55.4616354 earnings per share for the current fiscal year.

Insider Buying and Selling at Constellation Software

In other news, Director Jamal Nizam Baksh sold 285 shares of the firm's stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of C$2,754.86, for a total value of C$785,135.10. Following the completion of the sale, the director directly owned 1,307 shares in the company, valued at approximately C$3,600,602.02. This trade represents a 17.90% decrease in their ownership of the stock. Company insiders own 5.69% of the company's stock.

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