Canadian Imperial Bank of Commerce Issues Pessimistic Forecast for Constellation Software (TSE:CSU) Stock Price

Constellation Software (TSE:CSUGet Free Report) had its price objective decreased by research analysts at Canadian Imperial Bank of Commerce from C$4,080.00 to C$4,000.00 in a research report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective suggests a potential upside of 56.13% from the company’s current price.

A number of other brokerages have also issued reports on CSU. BMO Capital Markets cut their target price on shares of Constellation Software from C$4,200.00 to C$3,500.00 and set an “outperform” rating on the stock in a research note on Wednesday. Royal Bank Of Canada cut their target price on shares of Constellation Software from C$5,600.00 to C$4,800.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. National Bank Financial upped their target price on shares of Constellation Software from C$3,200.00 to C$3,400.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. TD Securities upped their target price on shares of Constellation Software from C$4,000.00 to C$4,100.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Finally, Raymond James Financial cut their target price on shares of Constellation Software from C$3,700.00 to C$3,200.00 and set a “market perform” rating on the stock in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$3,945.00.

View Our Latest Report on Constellation Software

Constellation Software Stock Up 3.8%

TSE:CSU traded up C$94.47 on Thursday, reaching C$2,562.00. The stock had a trading volume of 25,735 shares, compared to its average volume of 91,025. The stock has a market cap of C$54.29 billion, a P/E ratio of 106.09, a price-to-earnings-growth ratio of 2.95 and a beta of 0.39. The company has a 50-day moving average of C$2,530.82 and a 200 day moving average of C$2,873.27. The company has a current ratio of 0.96, a quick ratio of 0.55 and a debt-to-equity ratio of 161.87. Constellation Software has a 12-month low of C$2,196.00 and a 12-month high of C$5,124.90.

Constellation Software (TSE:CSUGet Free Report) last issued its earnings results on Tuesday, May 12th. The company reported C$24.08 earnings per share (EPS) for the quarter. The business had revenue of C$4.42 billion for the quarter. Constellation Software had a net margin of 4.40% and a return on equity of 15.35%. On average, research analysts predict that Constellation Software will post 55.4616354 earnings per share for the current year.

About Constellation Software

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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.

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