Constellation Software (TSE:CSU) was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm presently has a C$850.00 price objective on the stock, up from their previous price objective of C$740.00. Scotiabank’s target price would suggest a potential upside of 7.89% from the stock’s current price.

A number of other research firms also recently weighed in on CSU. Raymond James Financial lifted their price target on shares of Constellation Software from C$670.00 to C$710.00 and gave the company a “market perform” rating in a research report on Monday, October 30th. CIBC lifted their price target on shares of Constellation Software from C$725.00 to C$765.00 in a research report on Monday, October 30th. National Bank Financial lifted their price target on shares of Constellation Software from C$675.00 to C$715.00 and gave the company a “sector perform” rating in a research report on Thursday, October 26th. Barclays lifted their price target on shares of Constellation Software from C$700.00 to C$770.00 in a research report on Monday, October 30th. Finally, Royal Bank of Canada lifted their price target on shares of Constellation Software from C$700.00 to C$850.00 and gave the company an “outperform” rating in a research report on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$776.43.

Shares of Constellation Software (CSU) traded up C$50.87 during mid-day trading on Tuesday, reaching C$787.87. 102,017 shares of the company’s stock traded hands, compared to its average volume of 37,668. The firm has a market capitalization of $16,700.00, a P/E ratio of 63.54 and a beta of 0.52. Constellation Software has a 1 year low of C$575.22 and a 1 year high of C$797.61.

Constellation Software (TSE:CSU) last issued its quarterly earnings data on Thursday, October 26th. The company reported C$6.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$7.34 by C($0.50). Constellation Software had a return on equity of 40.93% and a net margin of 8.53%.

In other Constellation Software news, Director Software Constellation purchased 100 shares of the company’s stock in a transaction dated Thursday, November 23rd. The stock was bought at an average cost of C$760.00 per share, for a total transaction of C$76,000.00.

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About Constellation Software

Constellation Software Inc is engaged in the development, installation and customization of software. The Company acquires, manages and builds vertical market software (VMS) businesses. The Company’s segments include public sector and private sector. The public sector segment develops and distributes software solutions primarily to government and government-related customers.

Analyst Recommendations for Constellation Software (TSE:CSU)

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