Constellation Software (TSE:CSU) Price Target Raised to C$3,294.00 at Jefferies Financial Group

Constellation Software (TSE:CSU) had its target price raised by stock analysts at Jefferies Financial Group from C$3,185.00 to C$3,294.00 in a report issued on Thursday,BayStreet.CA reports. Jefferies Financial Group’s target price would suggest a potential upside of 7.09% from the company’s current price.

Several other brokerages also recently commented on CSU. Canadian Imperial Bank of Commerce reduced their target price on Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday, May 14th. TD lifted their price target on Constellation Software from C$4,100.00 to C$4,200.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. BMO Capital Markets cut their price objective on Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Royal Bank Of Canada reduced their price objective 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 raised their target price on shares of Constellation Software from C$3,200.00 to C$3,500.00 and gave the stock a “market perform” rating in a report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$3,884.40.

Constellation Software Price Performance

Shares of TSE CSU traded up C$0.41 during trading on Thursday, hitting C$3,075.82. The company had a trading volume of 15,523 shares, compared to its average volume of 81,236. The company has a market cap of C$65.18 billion, a P/E ratio of 87.73, a PEG ratio of 2.95 and a beta of 0.59. Constellation Software has a 52 week low of C$2,196.00 and a 52 week high of C$4,634.98. The business’s 50-day moving average is C$2,885.01 and its 200 day moving average is C$2,665.30. The company has a debt-to-equity ratio of 143.18, a quick ratio of 0.55 and a current ratio of 0.91.

Constellation Software (TSE:CSU) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$18.37 earnings per share for the quarter. The business had revenue of C$4.74 billion during the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%. Equities research analysts predict that Constellation Software will post 55.4616354 earnings per share for the current fiscal year.

Insider Activity at Constellation Software

In other news, Director Jamal Nizam Baksh sold 285 shares of Constellation Software stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of C$2,754.86, for a total transaction of C$785,135.10. Following the transaction, the director owned 1,307 shares in the company, valued at approximately C$3,600,602.02. The trade was a 17.90% decrease in their ownership of the stock. 5.69% of the stock is currently 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.