Zacks Research Upgrades Constellation Software (OTCMKTS:CNSWF) to Hold

Constellation Software (OTCMKTS:CNSWF – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other research firms have also issued reports on CNSWF. BMO Capital Markets reaffirmed an “outperform” rating on shares of Constellation Software in a report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Constellation Software in a report on Thursday. TD Securities reaffirmed a “buy” rating on shares of Constellation Software in a report on Thursday. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Constellation Software in a report on Friday, January 16th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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Constellation Software Price Performance

Constellation Software stock opened at $1,840.15 on Wednesday. Constellation Software has a 52-week low of $1,612.70 and a 52-week high of $3,936.74. The firm has a market capitalization of $38.99 billion, a price-to-earnings ratio of 52.49 and a beta of 0.97. The company has a fifty day simple moving average of $1,841.91 and a 200-day simple moving average of $2,077.34. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.90.

Constellation Software (OTCMKTS:CNSWF – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported $24.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $25.16 by ($0.46). Constellation Software had a return on equity of 49.01% and a net margin of 6.12%.The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. On average, equities analysts anticipate that Constellation Software will post 109.53 EPS for the current fiscal year.

About Constellation Software

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Constellation Software is a diversified software company that acquires, manages and builds mission-critical software businesses serving a wide range of specialized industries. Its primary focus is on vertical market software, delivering tailored solutions for sectors such as public transit, healthcare, utilities, construction and hospitality. Through its decentralized operating model, Constellation harnesses the expertise of individual business units to develop, implement and support software products that address specific customer needs.

Founded in 1995 by Mark Leonard and headquartered in Toronto, Canada, Constellation Software has grown organically and through strategic acquisitions.

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