CIBC Lowers Constellation Software (TSE:CSU) Price Target to C$5,260.00

Constellation Software (TSE:CSU) had its price objective reduced by equities researchers at CIBC from C$5,480.00 to C$5,260.00 in a research note issued on Monday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 61.35% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group lowered their price objective on shares of Constellation Software from C$5,850.00 to C$4,500.00 in a research report on Monday, November 10th. National Bankshares downgraded shares of Constellation Software from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$5,500.00 to C$4,500.00 in a report on Friday, September 26th. Raymond James Financial reduced their price objective on shares of Constellation Software from C$5,250.00 to C$4,300.00 in a research note on Monday, November 10th. Royal Bank Of Canada cut their target price on Constellation Software from C$6,000.00 to C$5,600.00 in a report on Monday, November 10th. Finally, Desjardins raised Constellation Software to a “moderate buy” rating in a report on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$4,865.71.

Constellation Software Price Performance

CSU stock opened at C$3,260.00 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. The firm has a market capitalization of C$69.09 billion, a PE ratio of 100.62, a P/E/G ratio of 2.95 and a beta of 0.47. Constellation Software has a one year low of C$3,155.60 and a one year high of C$5,300.00. The firm has a 50-day moving average of C$3,501.76 and a two-hundred day moving average of C$4,229.14.

Constellation Software (TSE:CSU) last posted its quarterly earnings data on Friday, November 7th. The company reported C$9.89 earnings per share for the quarter. The firm had revenue of C$4.10 billion for the quarter. Constellation Software had a net margin of 6.57% and a return on equity of 27.34%. On average, analysts forecast that Constellation Software will post 55.4616354 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Mark Robert Miller acquired 275 shares of the company’s stock in a transaction on Friday, September 26th. The stock was purchased at an average cost of C$3,695.14 per share, for a total transaction of C$1,016,163.50. Following the completion of the purchase, the insider directly owned 11,753 shares of the company’s stock, valued at C$43,428,980.42. The trade was a 2.40% increase in their position. Also, insider Barry Alan Symons sold 2,500 shares of Constellation Software stock in a transaction on Monday, November 17th. The shares were sold at an average price of C$3,304.25, for a total value of C$8,260,625.00. Following the transaction, the insider directly owned 57,000 shares of the company’s stock, valued at approximately C$188,342,250. The trade was a 4.20% decrease in their ownership of the stock. Corporate insiders own 5.69% of the company’s stock.

Constellation Software Company Profile

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.