Royal Bank Of Canada Analysts Give Constellation Software (TSE:CSU) a C$4,400.00 Price Target

Royal Bank Of Canada set a C$4,400.00 price target on Constellation Software (TSE:CSU) in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts have also weighed in on the stock. Canadian Imperial Bank of Commerce dropped their price objective on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday, May 14th. Desjardins boosted 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, August 10th. Jefferies Financial Group increased their price target on Constellation Software from C$3,185.00 to C$3,294.00 in a research report on Thursday, August 13th. National Bank Financial raised their price target on Constellation Software from C$3,500.00 to C$3,700.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Finally, BMO Capital Markets cut 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 report on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Constellation Software has an average rating of “Moderate Buy” and a consensus price target of C$3,884.40.

Constellation Software Stock Up 1.2%

CSU opened at C$3,163.56 on Wednesday. The firm has a market cap of C$67.04 billion, a price-to-earnings ratio of 69.79, a PEG ratio of 2.95 and a beta of 0.59. The company has a debt-to-equity ratio of 141.06, a quick ratio of 0.55 and a current ratio of 0.90. The firm’s 50-day simple moving average is C$2,922.46 and its 200-day simple moving average is C$2,708.99. Constellation Software has a twelve month low of C$2,196.00 and a twelve month high of C$4,634.98.

Constellation Software (TSE:CSU) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$18.37 earnings per share (EPS) for the quarter. The firm had revenue of C$4.74 billion during the quarter. Constellation Software had a net margin of 7.57% and a return on equity of 25.24%. Equities research analysts anticipate that Constellation Software will post 55.4616354 EPS for the current fiscal year.

Insiders Place Their Bets

In other Constellation Software news, Director Jamal Nizam Baksh sold 285 shares of the business’s stock in a transaction dated 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 completion of 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. Insiders own 5.69% of the company’s stock.

About Constellation Software

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.