Royal Bank Of Canada Issues Pessimistic Forecast for Constellation Software (TSE:CSU) Stock Price

Key Points

• Royal Bank of Canada lowered its price target for Constellation Software from C$4,500 to C$4,400, while maintaining an “outperform” rating; the revised target implies 43.05% upside from the current price.
• Analyst sentiment remains positive overall, with eight Buy ratings and one Hold rating. The stock has a consensus “Moderate Buy” rating and an average price target of C$3,884.40.
• Constellation Software shares traded near C$3,075.82, while the company reported C$18.37 in quarterly earnings per share and C$4.74 billion in revenue.

Constellation Software (TSE:CSU - Get Free Report) had its price target reduced by stock analysts at Royal Bank Of Canada from C$4,500.00 to C$4,400.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 43.05% from the company's current price.

A number of other analysts have also weighed in on the company. Desjardins upped their target price on Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a "buy" rating in a report on Monday. Canadian Imperial Bank of Commerce cut their price target on Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday, May 14th. Jefferies Financial Group boosted their price target on Constellation Software from C$3,185.00 to C$3,294.00 in a research report on Thursday. BMO Capital Markets decreased their price objective on Constellation Software from C$4,200.00 to C$3,500.00 and set an "outperform" rating for the company in a research note on Wednesday, May 13th. Finally, Raymond James Financial raised their price objective on Constellation Software from C$3,200.00 to C$3,500.00 and gave the company a "market perform" rating in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$3,884.40.

Constellation Software Stock Up 0.0%

TSE CSU traded up C$0.41 during trading on Thursday, reaching C$3,075.82. 15,523 shares of the company's stock traded hands, 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 firm has a market cap of C$65.18 billion, a price-to-earnings ratio of 87.73, a price-to-earnings-growth ratio of 2.95 and a beta of 0.59. The company's 50 day simple moving average is C$2,885.01 and its two-hundred day simple moving average is C$2,665.30. Constellation Software has a 12-month low of C$2,196.00 and a 12-month high of C$4,634.98.

Constellation Software (TSE:CSU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$18.37 earnings per share for the quarter. The firm had revenue of C$4.74 billion during the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%. As a group, sell-side analysts forecast that Constellation Software will post 55.4616354 EPS for the current fiscal year.

Insider Transactions at Constellation Software

In other Constellation Software news, Director Jamal Nizam Baksh sold 285 shares of Constellation Software stock in a transaction on 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 directly owned 1,307 shares of the company's stock, valued at approximately C$3,600,602.02. The trade was a 17.90% decrease in their ownership of the stock. Corporate 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.

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