Desjardins Lowers Constellation Software (TSE:CSU) Price Target to C$3,800.00

Constellation Software (TSE:CSU) had its price objective decreased by investment analysts at Desjardins from C$3,900.00 to C$3,800.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 48.32% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. UBS Group decreased their price objective on shares of Constellation Software from C$4,500.00 to C$4,250.00 in a report on Tuesday, March 31st. Canadian Imperial Bank of Commerce decreased their price objective on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday. 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. National Bank Financial boosted their price objective on shares of Constellation Software from C$3,200.00 to C$3,400.00 and gave the company a “sector perform” rating in a report on Tuesday, March 10th. Finally, Royal Bank Of Canada reduced their price target on shares of Constellation Software from C$5,600.00 to C$4,800.00 and set an “outperform” rating for the company in a report on Monday, January 26th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Constellation Software currently has an average rating of “Moderate Buy” and an average target price of C$3,945.00.

Constellation Software Trading Up 3.8%

TSE CSU traded up C$94.47 during trading on Thursday, reaching C$2,562.00. 25,735 shares of the stock traded hands, compared to its average volume of 91,025. The firm has a market cap of C$54.29 billion, a price-to-earnings ratio of 106.09, a price-to-earnings-growth ratio of 2.95 and a beta of 0.39. The stock’s 50-day moving average price is C$2,530.82 and its 200 day moving average price is C$2,873.27. The company has a quick ratio of 0.55, a current ratio of 0.96 and a debt-to-equity ratio of 161.87. Constellation Software has a fifty-two week low of C$2,196.00 and a fifty-two week high of C$5,124.90.

Constellation Software (TSE:CSU) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$24.08 earnings per share (EPS) for the quarter. The firm had revenue of C$4.42 billion during the quarter. Constellation Software had a net margin of 4.40% and a return on equity of 15.35%. Analysts predict that Constellation Software will post 55.4616354 EPS for the current year.

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.