Constellation Software (OTCMKTS:CNSWF) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Constellation Software (OTCMKTS:CNSWF) from a hold rating to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

CNSWF has been the subject of a number of other reports. National Bank Financial upgraded shares of Constellation Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. BMO Capital Markets restated an “outperform” rating on shares of Constellation Software in a report on Wednesday, May 13th. Royal Bank Of Canada restated an “outperform” rating on shares of Constellation Software in a report on Thursday, May 14th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Constellation Software in a research report on Saturday, May 23rd. Finally, TD Securities reiterated a “buy” rating on shares of Constellation Software in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Constellation Software Stock Up 2.2%

Constellation Software stock opened at $1,929.42 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.80. The firm has a market cap of $40.88 billion, a P/E ratio of 55.03 and a beta of 1.00. The business has a fifty day moving average of $1,952.90 and a two-hundred day moving average of $1,979.01. Constellation Software has a twelve month low of $1,612.70 and a twelve month high of $3,936.74.

Constellation Software (OTCMKTS:CNSWF) last released its quarterly earnings results on Tuesday, May 12th. The company reported $24.70 EPS for the quarter, missing the consensus estimate of $25.16 by ($0.46). The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. Constellation Software had a return on equity of 47.59% and a net margin of 6.12%. On average, analysts forecast that Constellation Software will post 118.53 earnings per share for the current fiscal year.

About Constellation Software

Constellation Software is a diversified software company that acquires, manages and builds mission-critical software businesses serving a wide range of specialized industries. Its primary focus is on vertical market software, delivering tailored solutions for sectors such as public transit, healthcare, utilities, construction and hospitality. Through its decentralized operating model, Constellation harnesses the expertise of individual business units to develop, implement and support software products that address specific customer needs.

Founded in 1995 by Mark Leonard and headquartered in Toronto, Canada, Constellation Software has grown organically and through strategic acquisitions.