Constellation Software (TSE:CSU) Stock Price Expected to Rise, National Bank Financial Analyst Says

Constellation Software (TSE:CSU) had its target price hoisted by analysts at National Bank Financial from C$3,500.00 to C$3,700.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 20.00% from the stock’s current price.

Several other research analysts have also issued reports on CSU. Raymond James Financial increased their target price on Constellation Software from C$3,200.00 to C$3,500.00 and gave the stock a “market perform” rating in a research report on Wednesday. Jefferies Financial Group dropped their price target on Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating on the stock in a research report on Monday, May 25th. BMO Capital Markets reduced their price target on Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce decreased their price objective on Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday, May 14th. Finally, Desjardins raised their price objective on Constellation Software from C$3,800.00 to C$3,900.00 and gave the company a “buy” rating in a research report on Monday. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$3,884.40.

Constellation Software Trading Up 0.3%

TSE CSU traded up C$7.84 during trading on Thursday, hitting C$3,083.25. The company had a trading volume of 15,940 shares, compared to its average volume of 81,247. The company’s fifty day moving average is C$2,885.01 and its 200-day moving average is C$2,665.30. Constellation Software has a one year low of C$2,196.00 and a one year high of C$4,634.98. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 143.18. The company has a market cap of C$65.34 billion, a price-to-earnings ratio of 87.94, a price-to-earnings-growth ratio of 2.95 and a beta of 0.59.

Constellation Software (TSE:CSU) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$18.37 earnings per share (EPS) for the quarter. Constellation Software had a net margin of 6.08% and a return on equity of 20.79%. The company had revenue of C$4.74 billion during the quarter. On average, sell-side analysts predict that Constellation Software will post 55.4616354 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jamal Nizam Baksh sold 285 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of C$2,754.86, for a total value of C$785,135.10. Following the sale, the director directly owned 1,307 shares of the company’s stock, valued at approximately C$3,600,602.02. This represents a 17.90% decrease in their ownership of the stock. Company 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.