Constellation Software (TSE:CSU) Stock Price Target Raised at TD

Constellation Software (TSE:CSU) had its price objective lifted by research analysts at TD from C$4,200.00 to C$4,500.00 in a report released on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD‘s target price would indicate a potential upside of 30.12% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Jefferies Financial Group boosted their price target on Constellation Software from C$3,185.00 to C$3,294.00 in a research note on Thursday, August 13th. Desjardins upped their price objective on shares of Constellation Software from C$4,000.00 to C$4,100.00 and gave the company a “buy” rating in a report on Tuesday. Royal Bank Of Canada set a C$4,400.00 price objective on shares of Constellation Software and gave the company an “outperform” rating in a research report on Wednesday, August 26th. National Bank Financial lifted their target price on shares of Constellation Software from C$3,500.00 to C$3,700.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Finally, Raymond James Financial lifted their target price on shares of Constellation Software from C$3,500.00 to C$3,800.00 and gave the stock a “market perform” rating in a research note on Monday. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Constellation Software has a consensus rating of “Moderate Buy” and a consensus target price of C$4,012.00.

Constellation Software Stock Up 1.9%

CSU stock traded up C$66.06 on Tuesday, hitting C$3,458.35. 13,440 shares of the company’s stock were exchanged, compared to its average volume of 75,110. Constellation Software has a 12-month low of C$2,196.00 and a 12-month high of C$3,532.73. The firm has a 50 day moving average price of C$3,079.99 and a two-hundred day moving average price of C$2,795.17. The company has a debt-to-equity ratio of 133.36, a quick ratio of 0.55 and a current ratio of 0.91. The stock has a market cap of C$73.29 billion, a P/E ratio of 76.29, a price-to-earnings-growth ratio of 2.95 and a beta of 0.82.

Constellation Software (TSE:CSU) last announced its earnings results on Friday, November 6th. The company reported C$14.25 earnings per share (EPS) for the quarter. Constellation Software had a return on equity of 24.05% and a net margin of 7.25%. The company had revenue of C$5 billion for the quarter. As a group, equities research analysts expect that Constellation Software will post 55.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Constellation Software news, insider John Edward Billowits sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of C$3,203.00, for a total transaction of C$3,843,600.00. Following the completion of the transaction, the insider directly owned 12,370 shares of the company’s stock, valued at approximately C$39,621,110. This trade represents a 8.84% decrease in their position. Also, Director Jamal Nizam Baksh sold 149 shares of Constellation Software stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of C$2,871.23, for a total transaction of C$427,813.27. Following the sale, the director owned 143 shares of the company’s stock, valued at approximately C$410,585.89. The trade was a 51.03% decrease in their ownership of the stock. Company insiders own 5.69% of the company’s stock.

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.