National Bank Financial Increases Constellation Software (TSE:CSU) Price Target to C$1,900.00

Constellation Software (TSE:CSU) had its target price hoisted by research analysts at National Bank Financial to C$1,900.00 in a report released on Thursday, Stock Target Advisor reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential downside of 0.63% from the stock’s current price.

CSU has been the topic of a number of other research reports. CIBC lifted their price objective on Constellation Software from C$1,760.00 to C$2,000.00 in a research note on Thursday, May 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$2,100.00 price objective on shares of Constellation Software in a research note on Tuesday, July 6th. National Bankshares cut their target price on Constellation Software from C$1,909.24 to C$1,900.00 and set a “sector perform” rating on the stock in a research report on Thursday. Scotiabank boosted their target price on Constellation Software from C$1,900.00 to C$2,000.00 in a research report on Thursday, May 6th. Finally, Raymond James boosted their target price on Constellation Software from C$1,700.00 to C$2,000.00 and gave the company a “market perform” rating in a research report on Thursday, May 6th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Constellation Software presently has a consensus rating of “Hold” and a consensus target price of C$1,946.75.

CSU traded up C$2.80 on Thursday, hitting C$1,912.04. 12,130 shares of the company’s stock traded hands, compared to its average volume of 32,097. The firm has a 50 day simple moving average of C$1,824.85. The company has a market capitalization of C$40.52 billion and a price-to-earnings ratio of 94.04. Constellation Software has a one year low of C$1,366.66 and a one year high of C$1,947.60. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 149.64.

Constellation Software (TSE:CSU) last issued its earnings results on Wednesday, May 5th. The company reported C$20.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$12.72 by C$7.77. The business had revenue of C$1.49 billion for the quarter, compared to the consensus estimate of C$1.43 billion. Equities analysts predict that Constellation Software will post 52.4199977 EPS for the current fiscal year.

In related news, Senior Officer John Edward Billowits sold 1,000 shares of the business’s stock in a transaction on Thursday, June 10th. The stock was sold at an average price of C$1,777.00, for a total transaction of C$1,777,000.00. Following the completion of the transaction, the insider now owns 15,370 shares in the company, valued at approximately C$27,312,490.

About Constellation Software

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in the United States, Canada, Italy, Germany, India, United Kingdom, Brazil, Switzerland, Austria, Israel, and internationally. It operates through two segments, Public Sector and Private Sector.

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