BMO Capital Markets Reiterates “C$840.00” Price Target for Constellation Software (CSU)

Constellation Software (TSE:CSU) has been given a C$840.00 target price by investment analysts at BMO Capital Markets in a report released on Wednesday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 6.90% from the stock’s previous close.

A number of other brokerages have also issued reports on CSU. Scotiabank raised Constellation Software from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$740.00 to C$850.00 in a research report on Tuesday. Raymond James Financial boosted their target price on 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 boosted their target price on Constellation Software from C$725.00 to C$765.00 in a research report on Monday, October 30th. National Bank Financial upped their price objective on Constellation Software from C$675.00 to C$715.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 26th. Finally, Barclays upped their price objective on Constellation Software from C$700.00 to C$770.00 in a research report on Monday, October 30th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$790.71.

Shares of Constellation Software (CSU) traded down C$2.11 during midday trading on Wednesday, reaching C$785.76. The company’s stock had a trading volume of 51,198 shares, compared to its average volume of 38,534. The stock has a market capitalization of $16,650.00, a price-to-earnings ratio of 63.32 and a beta of 0.52. Constellation Software has a 52 week low of C$575.22 and a 52 week high of C$797.61.

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

In related news, Director Software Constellation acquired 100 shares of the business’s stock in a transaction dated Thursday, November 23rd. The shares were acquired at an average price of C$760.00 per share, with a total value 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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