National Bank Financial Upgrades Constellation Software (OTCMKTS:CNSWF) to Strong-Buy

Constellation Software (OTCMKTS:CNSWF) was upgraded by stock analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on CNSWF. Jefferies Financial Group reiterated a “buy” rating on shares of Constellation Software in a research report on Saturday. BMO Capital Markets reiterated an “outperform” rating on shares of Constellation Software in a research report on Wednesday, May 13th. TD Securities reiterated a “buy” rating on shares of Constellation Software in a research report on Thursday, May 14th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Constellation Software in a research report on Thursday, May 14th. Finally, Zacks Research upgraded Constellation Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

Constellation Software Stock Down 0.8%

Constellation Software stock opened at $1,924.99 on Wednesday. The firm has a market cap of $40.79 billion, a price-to-earnings ratio of 54.91 and a beta of 0.97. Constellation Software has a 52 week low of $1,612.70 and a 52 week high of $3,936.74. The business’s 50-day moving average price is $1,831.13 and its 200 day moving average price is $2,038.37. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.90.

Constellation Software (OTCMKTS:CNSWF) last posted its earnings results on Tuesday, May 12th. The company reported $24.70 EPS for the quarter, missing the consensus estimate of $25.16 by ($0.46). The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. Constellation Software had a return on equity of 49.01% and a net margin of 6.12%. As a group, sell-side analysts anticipate that Constellation Software will post 118.53 earnings per share for the current year.

Constellation Software Company Profile

Constellation Software is a diversified software company that acquires, manages and builds mission-critical software businesses serving a wide range of specialized industries. Its primary focus is on vertical market software, delivering tailored solutions for sectors such as public transit, healthcare, utilities, construction and hospitality. Through its decentralized operating model, Constellation harnesses the expertise of individual business units to develop, implement and support software products that address specific customer needs.

Founded in 1995 by Mark Leonard and headquartered in Toronto, Canada, Constellation Software has grown organically and through strategic acquisitions.