CIBC Lowers Constellation Software (TSE:CSU) Price Target to C$4,668.00

Constellation Software (TSE:CSU) had its target price cut by research analysts at CIBC from C$5,260.00 to C$4,668.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 64.08% from the company’s previous close.

Several other equities analysts have also recently commented on CSU. Jefferies Financial Group lowered their price target on shares of Constellation Software from C$5,850.00 to C$4,500.00 in a report on Monday, November 10th. TD Securities lowered their target price on Constellation Software from C$5,700.00 to C$5,300.00 in a research note on Monday, November 10th. Royal Bank Of Canada set a C$5,600.00 price target on Constellation Software and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. National Bank Financial cut Constellation Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$4,781.14.

Constellation Software Stock Performance

Shares of Constellation Software stock opened at C$2,844.99 on Friday. Constellation Software has a 12 month low of C$2,800.00 and a 12 month high of C$5,300.00. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83. The stock has a market cap of C$60.29 billion, a PE ratio of 87.81, a price-to-earnings-growth ratio of 2.95 and a beta of 0.43. The business has a fifty day simple moving average of C$3,284.60 and a 200-day simple moving average of C$3,966.91.

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

Insider Buying and Selling

In other Constellation Software news, insider Barry Alan Symons sold 2,500 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of C$3,304.25, for a total transaction of C$8,260,625.00. Following the completion of the transaction, the insider owned 57,000 shares of the company’s stock, valued at C$188,342,250. The trade was a 4.20% decrease in their position. 5.69% of the stock is owned by company insiders.

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.