Constellation Software (TSE:CSU) Rating Increased to Outperform at National Bank Financial

Constellation Software (TSE:CSU) was upgraded by National Bank Financial from a “sector perform” rating to an “outperform” rating in a report released on Wednesday,BayStreet.CA reports. The firm currently has a C$3,500.00 price target on the stock, up from their previous price target of C$3,400.00. National Bank Financial’s price objective would indicate a potential upside of 31.86% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. Desjardins lowered their price objective on Constellation Software from C$3,900.00 to C$3,800.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. TD raised their target price on shares of Constellation Software from C$4,100.00 to C$4,200.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. TD Securities raised 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, March 10th. Royal Bank Of Canada decreased their target price on shares of Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Finally, Raymond James Financial decreased their target price on shares of Constellation Software from C$3,700.00 to C$3,200.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 13th. Eight equities 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$3,823.50.

Constellation Software Price Performance

CSU stock traded down C$29.97 during trading on Wednesday, hitting C$2,654.31. The stock had a trading volume of 24,542 shares, compared to its average volume of 88,605. The company has a debt-to-equity ratio of 143.18, a current ratio of 0.91 and a quick ratio of 0.55. Constellation Software has a twelve month low of C$2,196.00 and a twelve month high of C$5,060.70. The stock has a market capitalization of C$56.25 billion, a P/E ratio of 75.71, a PEG ratio of 2.95 and a beta of 0.39. The company’s 50-day moving average price is C$2,515.42 and its two-hundred day moving average price is C$2,812.12.

Constellation Software (TSE:CSU) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$24.08 earnings per share (EPS) for the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%.The company had revenue of C$4.42 billion for the quarter. As a group, research analysts predict that Constellation Software will post 55.4616354 EPS for the current fiscal year.

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.