Constellation Software (TSE:CSU) Given New C$5,260.00 Price Target at CIBC

Constellation Software (TSE:CSU) had its target price cut by equities researchers at CIBC from C$5,480.00 to C$5,260.00 in a research note issued on Monday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 59.98% from the company’s previous close.

A number of other brokerages also recently issued reports on CSU. Royal Bank Of Canada cut their target price on Constellation Software from C$6,000.00 to C$5,600.00 in a research note on Monday, November 10th. Raymond James Financial cut their price objective on shares of Constellation Software from C$5,250.00 to C$4,300.00 in a research report on Monday, November 10th. TD Securities decreased their target price on shares of Constellation Software from C$5,700.00 to C$5,300.00 in a report on Monday, November 10th. BMO Capital Markets cut their price target on shares of Constellation Software from C$5,400.00 to C$4,600.00 in a report on Monday, November 10th. Finally, Jefferies Financial Group reduced their price target on shares of Constellation Software from C$5,850.00 to C$4,500.00 in a research report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$4,865.71.

Constellation Software Price Performance

TSE CSU traded up C$2.44 during trading hours on Monday, hitting C$3,287.83. 24,652 shares of the company’s stock traded hands, compared to its average volume of 44,287. The company has a market capitalization of C$69.68 billion, a PE ratio of 101.48, a PEG ratio of 2.95 and a beta of 0.47. The company has a debt-to-equity ratio of 169.83, a current ratio of 0.93 and a quick ratio of 0.55. Constellation Software has a 52-week low of C$3,155.60 and a 52-week high of C$5,300.00. The firm’s 50-day moving average is C$3,524.54 and its 200-day moving average is C$4,251.67.

Constellation Software (TSE:CSU) last issued its earnings results on Friday, November 7th. The company reported C$9.89 earnings per share for the quarter. The business had revenue of C$4.10 billion for the quarter. Constellation Software had a return on equity of 27.34% and a net margin of 6.57%. Equities analysts forecast that Constellation Software will post 55.4616354 EPS for the current fiscal year.

Insider Activity at Constellation Software

In related news, insider Barry Alan Symons sold 2,500 shares of Constellation Software stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$3,304.25, for a total value of C$8,260,625.00. Following the completion of the sale, the insider owned 57,000 shares in the company, valued at approximately C$188,342,250. This trade represents a 4.20% decrease in their position. Also, insider Mark Robert Miller purchased 275 shares of the firm’s stock in a transaction on Friday, September 26th. The shares were purchased at an average price of C$3,695.14 per share, for a total transaction of C$1,016,163.50. Following the completion of the purchase, the insider directly owned 11,753 shares of the company’s stock, valued at C$43,428,980.42. This represents a 2.40% increase in their ownership of the stock. 5.69% of the stock is currently owned by company insiders.

Constellation Software Company Profile

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.