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

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

Other analysts have also recently issued research reports about the stock. Raymond James Financial boosted 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. Royal Bank Of Canada set a C$4,400.00 price target on Constellation Software and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Desjardins lifted their target price on shares of Constellation Software from C$4,000.00 to C$4,100.00 and gave the stock a “buy” rating in a research note on Tuesday. RBC Dominion Securities set a C$4,400.00 price target on shares of Constellation Software and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Finally, Jefferies Financial Group raised their target price on shares of Constellation Software from C$3,185.00 to C$3,294.00 in a research note on Thursday, August 13th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$4,012.00.

Constellation Software Stock Performance

Shares of CSU traded up C$66.06 during mid-day trading on Tuesday, reaching C$3,458.35. The company had a trading volume of 13,440 shares, compared to its average volume of 75,110. Constellation Software has a 52-week low of C$2,196.00 and a 52-week high of C$3,532.73. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 133.36. The stock has a market capitalization of C$73.29 billion, a P/E ratio of 76.29, a PEG ratio of 2.95 and a beta of 0.82. The stock has a 50 day moving average of C$3,079.99 and a two-hundred day moving average of C$2,795.17.

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

Insider Buying and Selling at Constellation Software

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

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.