TD Securities Upgrades Constellation Software (TSE:CSU) to “Buy”

Constellation Software (TSE:CSU) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a C$5,550.00 price objective on the stock, up from their previous price objective of C$5,250.00. TD Securities’ price target indicates a potential upside of 21.99% from the stock’s previous close.

CSU has been the topic of a number of other research reports. CIBC upped their price target on Constellation Software from C$5,300.00 to C$5,450.00 in a research report on Monday, March 10th. Raymond James upped their price objective on shares of Constellation Software from C$4,550.00 to C$5,250.00 in a report on Monday, March 10th. BMO Capital Markets lifted their target price on shares of Constellation Software from C$4,900.00 to C$5,500.00 in a research note on Monday, March 10th. Finally, Royal Bank of Canada set a C$5.70 price target on shares of Constellation Software and gave the company an “outperform” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Constellation Software has a consensus rating of “Buy” and a consensus target price of C$4,459.28.

Constellation Software Trading Up 4.2 %

TSE:CSU opened at C$4,549.67 on Friday. Constellation Software has a 12 month low of C$3,535.00 and a 12 month high of C$5,040.00. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. The firm’s 50 day moving average is C$4,741.25 and its 200 day moving average is C$4,569.38. The stock has a market capitalization of C$68.75 billion, a PE ratio of 108.10, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81.

About Constellation Software

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.