Constellation Software (TSE:CSU) Price Target Lowered to C$4,400.00 at Royal Bank Of Canada

Constellation Software (TSE:CSU) had its price target lowered by equities researchers at Royal Bank Of Canada from C$4,500.00 to C$4,400.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 43.05% from the stock’s current price.

A number of other research analysts have also recently issued reports on CSU. Raymond James Financial raised their price target on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the stock a “market perform” rating in a report on Wednesday. TD boosted their price objective on shares of Constellation Software from C$4,100.00 to C$4,200.00 and gave the company a “buy” rating in a report on Thursday, May 14th. BMO Capital Markets cut their target price on Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Desjardins raised 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 research note on Monday. Finally, Canadian Imperial Bank of Commerce lowered their price target on Constellation Software from C$4,080.00 to C$4,000.00 in a research report on Thursday, May 14th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$3,884.40.

Constellation Software Stock Up 0.0%

Shares of CSU traded up C$0.41 during mid-day trading on Thursday, hitting C$3,075.82. 15,523 shares of the company traded hands, compared to its average volume of 81,236. The company has a market capitalization of C$65.18 billion, a PE ratio of 87.73, a price-to-earnings-growth ratio of 2.95 and a beta of 0.59. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 143.18. The business has a 50 day moving average of C$2,885.01 and a 200 day moving average of C$2,665.30. Constellation Software has a 1-year low of C$2,196.00 and a 1-year high of C$4,634.98.

Constellation Software (TSE:CSU) last released its earnings results on Tuesday, August 11th. The company reported C$18.37 EPS for the quarter. The company 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%. Equities research analysts anticipate that Constellation Software will post 55.4616354 EPS for the current year.

Insider Buying and Selling

In other Constellation Software news, Director Jamal Nizam Baksh sold 285 shares of Constellation Software stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of C$2,754.86, for a total transaction 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. The trade was a 17.90% decrease in their position. 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.