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.
Read More: Put Option
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 [email protected]
Featured Article: What does a bar chart mean for investors?7 Stocks to Watch When Student Debt Forgiveness Gets Passed
Now that the Biden administration is fully in charge, student debt forgiveness has moved to the front burner. Consider these numbers. There is an estimated $1.7 trillion in student debt. The average student carries approximately $30,000 in student loans.
If $10,000 of student debt were to be canceled, there are estimates that one-third of borrowers (between 15 million to 16.3 million) would become debt-free. Of course, if the number hits $50,000 as some lawmakers are suggesting the impact would even greater.
Putting aside personal thoughts on the wisdom of pursuing this path, it has the potential to unleash a substantial stimulus into the economy.
And as an investor, it’s fair to ask where that money would go. After all, there’s no harm in having investors profit from this stimulus as well.
A counter-argument is that the absence of one monthly payment may not provide enough money to make an impact. However, Senator Elizabeth Warren referred to the effect student loans have in preventing many in the millennial and Gen-Z generations from pursuing big picture life goals such as buying a house, starting a business, or starting a family.
With that in mind, we’ve put together this special presentation that looks at 7 stocks that are likely to benefit if borrowers are set free from the burden of student loans.
View the "7 Stocks to Watch When Student Debt Forgiveness Gets Passed"