National Bank Financial Increases Constellation Software (TSE:CSU) Price Target to C$1,900.00

Thursday, July 22, 2021 | MarketBeat

Constellation Software (TSE:CSU) had its price target hoisted by research analysts at National Bank Financial to C$1,900.00 in a report released on Thursday, Stock Target Advisor reports. The brokerage currently has a "sector perform" rating on the stock. National Bank Financial's price objective points to a potential downside of 0.63% from the stock's previous close.

A number of other analysts have also weighed in on CSU. National Bankshares dropped their price objective on Constellation Software from C$1,909.24 to C$1,900.00 and set a "sector perform" rating for the company in a research note on Thursday. CIBC increased their price objective on Constellation Software from C$1,760.00 to C$2,000.00 in a research note on Thursday, May 6th. BMO Capital Markets increased their price objective on Constellation Software from C$1,850.00 to C$2,000.00 and gave the company a "market perform" rating in a research note on Thursday, May 6th. Scotiabank increased their price objective on Constellation Software from C$1,900.00 to C$2,000.00 in a research note on Thursday, May 6th. Finally, Raymond James increased their price objective on Constellation Software from C$1,700.00 to C$2,000.00 and gave the company a "market perform" rating in a research note on Thursday, May 6th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Constellation Software currently has an average rating of "Hold" and an average price target of C$1,946.75.

CSU traded up C$2.80 during midday trading on Thursday, hitting C$1,912.04. The stock had a trading volume of 12,130 shares, compared to its average volume of 32,097. The stock has a market capitalization of C$40.52 billion and a P/E ratio of 94.04. The company's fifty day moving average is C$1,824.85. The company has a debt-to-equity ratio of 149.64, a quick ratio of 0.63 and a current ratio of 0.69. Constellation Software has a 1 year low of C$1,366.66 and a 1 year high of C$1,947.60.

Constellation Software (TSE:CSU) last issued its earnings results on Wednesday, May 5th. The company reported C$20.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of C$12.72 by C$7.77. The firm had revenue of C$1.49 billion during the quarter, compared to analysts' expectations of C$1.43 billion. On average, research analysts expect that Constellation Software will post 52.4199977 EPS for the current year.

In related news, Senior Officer John Edward Billowits sold 1,000 shares of the firm's stock in a transaction on Thursday, June 10th. The stock was sold at an average price of C$1,777.00, for a total value of C$1,777,000.00. Following the completion of the sale, the insider now owns 15,370 shares of the company's stock, valued at C$27,312,490.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in the United States, Canada, Italy, Germany, India, United Kingdom, Brazil, Switzerland, Austria, Israel, and internationally. It operates through two segments, Public Sector and Private Sector.

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