Zacks Research Upgrades Constellation Software (OTCMKTS:CNSWF) to “Strong-Buy”

Constellation Software (OTCMKTS:CNSWF) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on CNSWF. Royal Bank Of Canada restated an “outperform” rating on shares of Constellation Software in a report on Thursday, May 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Constellation Software in a report on Wednesday, May 13th. Jefferies Financial Group reissued a “buy” rating on shares of Constellation Software in a research report on Saturday, May 23rd. TD Securities reissued a “buy” rating on shares of Constellation Software in a report on Thursday, May 14th. Finally, National Bank Financial upgraded shares of Constellation Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to data from MarketBeat.com, Constellation Software presently has a consensus rating of “Buy”.

Constellation Software Stock Performance

Shares of Constellation Software stock opened at $1,929.42 on Tuesday. The firm has a fifty day moving average of $1,952.90 and a two-hundred day moving average of $1,979.01. The stock has a market capitalization of $40.88 billion, a price-to-earnings ratio of 55.03 and a beta of 1.00. Constellation Software has a 52 week low of $1,612.70 and a 52 week high of $3,936.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.90 and a current ratio of 0.91.

Constellation Software (OTCMKTS:CNSWF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $24.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $25.16 by ($0.46). Constellation Software had a return on equity of 47.59% and a net margin of 6.12%.The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. As a group, equities research analysts predict that Constellation Software will post 118.53 EPS 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.