Royal Bank Of Canada Issues Pessimistic Forecast for Constellation Software (TSE:CSU) Stock Price

Constellation Software (TSE:CSU) had its price objective cut by stock analysts at Royal Bank Of Canada from C$4,800.00 to C$4,500.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 75.64% from the company’s previous close.

CSU has been the subject of several other research reports. BMO Capital Markets lowered their price objective on shares of Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating for the company in a research note on Wednesday. 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 for the company in a research note on Wednesday. Canadian Imperial Bank of Commerce lowered their price objective on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a research note on Thursday. TD lifted their price objective on shares of Constellation Software from C$4,100.00 to C$4,200.00 and gave the company a “buy” rating in a research note on Thursday. Finally, National Bank Financial lifted their price objective on shares of Constellation Software from C$3,200.00 to C$3,400.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$3,945.00.

Constellation Software Trading Up 3.8%

Constellation Software stock traded up C$94.47 during mid-day trading on Thursday, hitting C$2,562.00. 25,735 shares of the stock were exchanged, compared to its average volume of 91,025. The firm’s fifty day simple moving average is C$2,530.82 and its two-hundred day simple moving average is C$2,873.27. The stock has a market capitalization of C$54.29 billion, a price-to-earnings ratio of 106.09, a PEG ratio of 2.95 and a beta of 0.39. The company has a quick ratio of 0.55, a current ratio of 0.96 and a debt-to-equity ratio of 161.87. Constellation Software has a 12 month low of C$2,196.00 and a 12 month high of C$5,124.90.

Constellation Software (TSE:CSU) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$24.08 earnings per share for the quarter. The company had revenue of C$4.42 billion during the quarter. Constellation Software had a net margin of 4.40% and a return on equity of 15.35%. Analysts forecast that Constellation Software will post 55.4616354 EPS for the current year.

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.