CIBC Reduces Target Price for Constellation Software (TSE:CSU) to C$2,450.00

Constellation Software (TSE:CSU – Get a rating) had its target price lowered by CIBC research analysts from C$2,900.00 to C$2,450.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 22.56% from the current stock price.

CSU has been the subject of a number of other research reports. Royal Bank of Canada lowered its price target on Constellation Software from CA$2,800.00 to CA$2,700.00 and set an “outperform” rating for the company in a research report on Thursday. BMO Capital Markets lowered its price target on Constellation Software from C$2,500.00 to C$2,400.00 in a research report on Thursday. Raymond James set a price target of CA$2,400.00 on Constellation Software and gave the company a “market performance” rating in a research report on Thursday. Finally, National Bankshares raised its price target on Constellation Software from CA$2,100.00 to CA$2,350.00 and gave the company an “industry performance” rating in a Monday 14 research report. february. Three equity research analysts rated the stock with a hold rating and two assigned the company’s stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of CA$2,414.29.

Constellation Software stock traded at C$13.63 during Friday’s trading, hitting C$1,999.05. The company’s stock had a trading volume of 20,632 shares, compared to an average volume of 37,733. The stock has a market capitalization of C$42.36 billion and a price-earnings ratio of 106.82. The stock’s 50-day moving average is C$2,131.57 and its 200-day moving average is C$2,160.22. Constellation Software has a 1-year low of C$1,677.44 and a 1-year high of C$2,385.80. The company has a debt ratio of 91.25, a quick ratio of 0.67 and a current ratio of 0.75.

Constellation Software (TSE:CSU – Get a rating) last reported results on Thursday, February 10. The company reported EPS of C$15.72 for the quarter, missing the consensus estimate of C$17.10 by C$1.38. The company posted revenue of C$1.74 billion in the quarter, while analysts had expected C$1.73 billion. On average, research analysts expect Constellation Software to post EPS of 80.8899978 for the current fiscal year.

Constellation Software Company Profile (Get a rating)

Constellation Software Inc, together with its subsidiaries, acquires, builds and manages vertical market software businesses in Canada, the United States, the United Kingdom and the rest of Europe. Its industry-specific software businesses provide specialized and mission-critical software solutions. The company serves public and private sector markets.

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