Jefferies Financial Group Has Lowered Expectations for Constellation Software (TSE:CSU) Stock Price

Constellation Software (TSE:CSU) had its target price cut by stock analysts at Jefferies Financial Group from C$5,850.00 to C$4,500.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 36.75% from the stock’s previous close.

CSU has been the topic of a number of other reports. CIBC boosted their target price on Constellation Software from C$5,450.00 to C$5,480.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. National Bank Financial cut shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. National Bankshares lowered shares of Constellation Software from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$5,500.00 to C$4,500.00 in a research report on Friday, September 26th. Royal Bank Of Canada cut their target price on shares of Constellation Software from C$6,000.00 to C$5,600.00 in a research note on Monday. Finally, Desjardins upgraded shares of Constellation Software to a “moderate buy” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Constellation Software currently has an average rating of “Moderate Buy” and a consensus price target of C$4,897.14.

Constellation Software Stock Performance

Constellation Software stock traded down C$95.05 during midday trading on Monday, reaching C$3,290.71. 91,577 shares of the company’s stock were exchanged, compared to its average volume of 41,947. The stock’s 50-day simple moving average is C$3,991.59 and its 200 day simple moving average is C$4,545.04. The firm has a market cap of C$69.74 billion, a price-to-earnings ratio of 108.82, a P/E/G ratio of 2.95 and a beta of 0.58. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93. Constellation Software has a 52 week low of C$3,183.37 and a 52 week high of C$5,300.00.

Insider Activity

In related news, insider Mark Robert Miller bought 275 shares of Constellation Software stock in a transaction dated Friday, September 26th. The shares were bought at an average cost of C$3,695.14 per share, with a total value of C$1,016,163.50. Following the acquisition, the insider owned 11,753 shares in the company, valued at C$43,428,980.42. This trade represents a 2.40% increase in their position. Company 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.