Raymond James Financial Lowers Constellation Software (TSE:CSU) Price Target to C$3,200.00

Constellation Software (TSE:CSU) had its target price lowered by research analysts at Raymond James Financial from C$3,700.00 to C$3,200.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 30.82% from the company’s current price.

Several other equities research analysts have also commented on the company. Canadian Imperial Bank of Commerce decreased their price target on Constellation Software from C$4,610.00 to C$4,080.00 in a research note on Friday, April 17th. UBS Group reduced their target price on Constellation Software from C$4,500.00 to C$4,250.00 in a research note on Tuesday, March 31st. Royal Bank Of Canada reduced their target price on Constellation Software from C$5,600.00 to C$4,800.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. BMO Capital Markets reduced their target price on Constellation Software from C$4,600.00 to C$4,200.00 in a research note on Tuesday, March 10th. Finally, TD Securities upped their target price on Constellation Software from C$4,000.00 to C$4,100.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Constellation Software has an average rating of “Moderate Buy” and a consensus price target of C$3,978.75.

Constellation Software Stock Performance

CSU stock traded up C$41.20 during trading on Wednesday, hitting C$2,446.20. The company had a trading volume of 32,387 shares, compared to its average volume of 91,407. The firm has a market cap of C$51.84 billion, a PE ratio of 101.29, a price-to-earnings-growth ratio of 2.95 and a beta of 0.39. Constellation Software has a 1-year low of C$2,196.00 and a 1-year high of C$5,124.90. The firm has a 50-day moving average price of C$2,532.80 and a 200-day moving average price of C$2,882.14. 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 (TSE:CSU) last released its earnings results on Tuesday, May 12th. The company reported C$24.08 earnings per share (EPS) for the quarter. The company had revenue of C$4.42 billion for the quarter. Constellation Software had a return on equity of 15.35% and a net margin of 4.40%. On average, analysts expect that Constellation Software will post 55.4616354 earnings per share for the current year.

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.