Constellation Software (OTCMKTS:CNSWF) Downgraded to “Hold” Rating by Zacks Research

Constellation Software (OTCMKTS:CNSWF) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

CNSWF has been the subject of a number of other research reports. TD Securities restated a “buy” rating on shares of Constellation Software in a research report on Monday, August 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of Constellation Software in a report on Monday, August 11th. National Bankshares downgraded shares of Constellation Software from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 25th. Desjardins upgraded Constellation Software to a “moderate buy” rating in a research report on Thursday, October 30th. Finally, National Bank Financial cut Constellation Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Constellation Software has an average rating of “Moderate Buy”.

Constellation Software Stock Performance

CNSWF traded up $50.58 on Thursday, hitting $2,385.51. 10,218 shares of the company traded hands, compared to its average volume of 2,718. Constellation Software has a 12-month low of $2,270.68 and a 12-month high of $3,998.72. The company has a 50 day moving average of $2,773.43 and a 200-day moving average of $3,255.16. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $50.55 billion, a PE ratio of 81.47 and a beta of 1.10.

Constellation Software (OTCMKTS:CNSWF) last released its earnings results on Friday, November 7th. The company reported $21.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $27.84 by ($6.13). Constellation Software had a net margin of 5.77% and a return on equity of 53.92%. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.99 billion. Sell-side analysts anticipate that Constellation Software will post 77.19 earnings per share for the current year.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.