Royal Bank Of Canada Cuts Constellation Software (TSE:CSU) Price Target to C$4,400.00

Constellation Software (TSE:CSU) had its price target cut by Royal Bank Of Canada from C$4,500.00 to C$4,400.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

CSU has been the subject of a number of other research reports. TD raised their price objective on Constellation Software from C$4,100.00 to C$4,200.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. BMO Capital Markets lowered 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 research report on Wednesday, May 13th. Raymond James Financial raised their target price on Constellation Software from C$3,200.00 to C$3,500.00 and gave the stock a “market perform” rating in a research report on Wednesday. Canadian Imperial Bank of Commerce decreased their price target on shares of Constellation Software from C$4,080.00 to C$4,000.00 in a research note on Thursday, May 14th. Finally, Desjardins lifted their price target on shares of Constellation Software from C$3,800.00 to C$3,900.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$3,884.40.

Constellation Software Stock Down 2.3%

TSE CSU opened at C$3,089.46 on Thursday. The company has a debt-to-equity ratio of 141.06, a quick ratio of 0.55 and a current ratio of 0.90. The firm has a 50-day simple moving average of C$2,892.64 and a 200 day simple moving average of C$2,670.94. Constellation Software has a twelve month low of C$2,196.00 and a twelve month high of C$4,634.98. The stock has a market cap of C$65.47 billion, a PE ratio of 68.15, a PEG ratio of 2.95 and a beta of 0.59.

Constellation Software (TSE:CSU) last released its earnings results on Tuesday, August 11th. The company reported C$18.37 earnings per share for the quarter. Constellation Software had a return on equity of 25.24% and a net margin of 7.57%.The business had revenue of C$4.74 billion for the quarter. On average, research analysts forecast that Constellation Software will post 55.4616354 EPS for the current year.

Insider Transactions at Constellation Software

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