TD Securities Forecasts Strong Price Appreciation for Constellation Software (TSE:CSU) Stock

Constellation Software (TSE:CSU) had its target price raised by research analysts at TD Securities from C$4,000.00 to C$4,100.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 39.46% from the stock’s previous close.

Several other analysts have also commented on CSU. Canadian Imperial Bank of Commerce lowered their price objective on shares of Constellation Software from C$4,688.00 to C$4,610.00 and set an “outperform” rating on the stock in a research report on Tuesday. BMO Capital Markets cut their price objective on shares of Constellation Software from C$4,600.00 to C$4,200.00 in a research report on Tuesday. Jefferies Financial Group reduced their target price on Constellation Software from C$5,850.00 to C$4,500.00 in a research report on Monday, November 10th. Royal Bank Of Canada decreased their price target on shares of Constellation Software from C$5,600.00 to C$4,800.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. Finally, National Bank Financial raised their price objective on Constellation Software from C$3,200.00 to C$3,400.00 and gave the company a “sector perform” rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Constellation Software presently has a consensus rating of “Moderate Buy” and an average price target of C$4,187.14.

Constellation Software Trading Down 1.2%

Shares of TSE CSU traded down C$35.00 during trading on Tuesday, reaching C$2,940.00. The company had a trading volume of 53,972 shares, compared to its average volume of 113,056. The company’s fifty day moving average price is C$2,731.98 and its 200-day moving average price is C$3,396.86. The company has a quick ratio of 0.55, a current ratio of 1.02 and a debt-to-equity ratio of 156.85. The stock has a market cap of C$62.30 billion, a P/E ratio of 90.74, a PEG ratio of 2.95 and a beta of 0.33. Constellation Software has a 12 month low of C$2,196.00 and a 12 month high of C$5,300.00.

Constellation Software (TSE:CSU) last posted its quarterly earnings results on Monday, March 9th. The company reported C$7.12 EPS for the quarter. The business had revenue of C$4.19 billion during the quarter. Constellation Software had a net margin of 6.16% and a return on equity of 21.78%. As a group, research analysts expect that Constellation Software will post 55.4616354 earnings per share for the current 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.