Constellation Software (TSE:CSU) Given New C$1,350.00 Price Target at CIBC

Constellation Software (TSE:CSU) had its target price hoisted by research analysts at CIBC from C$1,250.00 to C$1,350.00 in a research note issued to investors on Friday, BayStreet.CA reports. CIBC’s price target points to a potential upside of 4.10% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Raymond James set a $60.00 price target on shares of Banner and gave the company a “buy” rating in a report on Friday, May 3rd. BMO Capital Markets set a $66.00 target price on shares of CyrusOne and gave the company a “buy” rating in a report on Friday, May 3rd.

Shares of CSU traded up C$31.13 during mid-day trading on Friday, reaching C$1,296.80. 24,930 shares of the company’s stock were exchanged, compared to its average volume of 44,342. The company has a debt-to-equity ratio of 107.72, a quick ratio of 0.65 and a current ratio of 0.72. The stock’s 50-day simple moving average is C$1,225.77. Constellation Software has a 52-week low of C$814.32 and a 52-week high of C$1,320.31. The company has a market cap of $26.95 billion and a P/E ratio of 71.75.

Constellation Software (TSE:CSU) last announced its earnings results on Wednesday, May 1st. The company reported C$7.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$10.04 by C($2.10). The company had revenue of C$1.09 billion for the quarter, compared to analysts’ expectations of C$1.08 billion. On average, equities research analysts predict that Constellation Software will post 36.759998 EPS for the current fiscal year.

In related news, Senior Officer John Edward Billowits sold 2,000 shares of Constellation Software stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$1,167.50, for a total transaction of C$2,335,000.00. Following the sale, the insider now owns 17,688 shares of the company’s stock, valued at approximately C$20,650,740.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, engages in the development, installation, and customization of software to various markets in the United States, Canada, the United Kingdom, Europe, and internationally. It operates through two segments, Public Sector and Private Sector. The Public Sector segment develops and distributes software solutions primarily to government and government-related customers.

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