Canadian Imperial Bank of Commerce Has Lowered Expectations for Constellation Software (TSE:CSU) Stock Price

Constellation Software (TSE:CSU) had its price target dropped by equities researchers at Canadian Imperial Bank of Commerce from C$4,610.00 to C$4,080.00 in a note issued to investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective indicates a potential upside of 55.34% from the company’s previous close.

Other equities research analysts have also issued reports about the company. National Bank Financial raised their price objective on Constellation Software from C$3,200.00 to C$3,400.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada decreased their price objective on Constellation Software from C$5,600.00 to C$4,800.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. BMO Capital Markets decreased their price objective on Constellation Software from C$4,600.00 to C$4,200.00 in a research report on Tuesday, March 10th. TD Securities raised their price objective on Constellation Software from C$4,000.00 to C$4,100.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, Raymond James Financial decreased their price objective on Constellation Software from C$4,300.00 to C$3,700.00 and set a “market perform” rating for the company in a research report on Tuesday, March 10th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$4,128.75.

Constellation Software Trading Down 0.2%

Shares of TSE CSU opened at C$2,626.45 on Friday. Constellation Software has a one year low of C$2,196.00 and a one year high of C$5,300.00. The firm has a market capitalization of C$55.66 billion, a PE ratio of 108.76, a PEG ratio of 2.95 and a beta of 0.39. The company has a current ratio of 0.96, a quick ratio of 0.55 and a debt-to-equity ratio of 161.87. The business has a 50-day moving average price of C$2,506.90 and a two-hundred day moving average price of C$3,032.76.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Monday, March 9th. The company reported C$7.12 EPS for the quarter. Constellation Software had a return on equity of 15.35% and a net margin of 4.40%.The firm had revenue of C$4.19 billion during the quarter. As a group, analysts predict that Constellation Software will post 55.4616354 earnings per share for the current fiscal year.

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.