Brokerages Set Constellation Software Inc. (TSE:CSU) Price Target at C$3,823.50

Constellation Software Inc. (TSE:CSU) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$3,823.50.

CSU has been the subject of several recent research reports. 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. UBS Group cut their target price on Constellation Software from C$4,500.00 to C$4,250.00 in a report on Tuesday, March 31st. Jefferies Financial Group reduced their price target on shares of Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating for the company in a research report on Monday, May 25th. Royal Bank Of Canada decreased their price target on shares of Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Finally, Raymond James Financial lowered their price objective on shares of Constellation Software from C$3,700.00 to C$3,200.00 and set a “market perform” rating on the stock in a report on Wednesday, May 13th.

Insider Activity

In other news, Director Jamal Nizam Baksh sold 285 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of C$2,754.86, for a total transaction of C$785,135.10. Following the completion of the sale, the director directly owned 1,307 shares of the company’s stock, valued at C$3,600,602.02. The trade was a 17.90% decrease in their ownership of the stock. 5.69% of the stock is owned by corporate insiders.

Constellation Software Stock Performance

Shares of Constellation Software stock opened at C$2,800.76 on Friday. The business has a 50-day simple moving average of C$2,774.76 and a 200 day simple moving average of C$2,679.66. Constellation Software has a one year low of C$2,196.00 and a one year high of C$5,040.75. The company has a debt-to-equity ratio of 143.18, a current ratio of 0.91 and a quick ratio of 0.55. The firm has a market capitalization of C$59.35 billion, a price-to-earnings ratio of 79.88, a PEG ratio of 2.95 and a beta of 0.59.

Constellation Software (TSE:CSU) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$24.08 earnings per share (EPS) for the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%.The business had revenue of C$4.42 billion for the quarter. On average, research analysts anticipate that Constellation Software will post 55.4616354 earnings per share for the current fiscal 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.