Royal Bank Of Canada Issues Pessimistic Forecast for Constellation Software (TSE:CSU) Stock Price

Constellation Software (TSE:CSU) had its price target cut by equities researchers at Royal Bank Of Canada from C$5,600.00 to C$4,800.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 81.04% from the company’s current price.

Other analysts have also issued research reports about the company. National Bankshares reduced their target price on Constellation Software from C$4,500.00 to C$3,200.00 and set a “sector perform” rating for the company in a report on Thursday, January 22nd. Desjardins raised Constellation Software to a “moderate buy” rating in a research report on Thursday, October 30th. TD Securities lowered their target price on Constellation Software from C$5,700.00 to C$5,300.00 in a research note on Monday, November 10th. BMO Capital Markets dropped their target price on Constellation Software from C$5,400.00 to C$4,600.00 in a report on Monday, November 10th. Finally, CIBC decreased their price target on shares of Constellation Software from C$5,260.00 to C$4,668.00 in a report on Friday, January 16th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$4,481.14.

Constellation Software Price Performance

TSE CSU opened at C$2,651.30 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. Constellation Software has a 1 year low of C$2,624.41 and a 1 year high of C$5,300.00. The company has a market cap of C$56.19 billion, a PE ratio of 81.83, a PEG ratio of 2.95 and a beta of 0.43. The stock’s 50-day moving average price is C$3,206.59 and its two-hundred day moving average price is C$3,849.38.

Constellation Software (TSE:CSU) last released its earnings results on Friday, November 7th. The company reported C$9.89 earnings per share for the quarter. The business 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 predict that Constellation Software will post 55.4616354 EPS for the current year.

Insiders Place Their Bets

In other Constellation Software news, insider Barry Alan Symons sold 2,500 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of C$3,304.25, for a total value of C$8,260,625.00. Following the completion of the sale, the insider owned 57,000 shares of the company’s stock, valued at C$188,342,250. The trade was a 4.20% decrease in their ownership of the stock. 5.69% of the stock is currently owned by company insiders.

About Constellation Software

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.