Constellation Software (TSE:CSU) Stock Price Crosses Above 200-Day Moving Average of $2,047.91

Constellation Software Inc. (TSE:CSU – Get Rating) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2,047.91 and traded as high as C$2,189.33. Constellation Software shares last traded at C$2,168.81, with a volume of 22,900 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Raymond James set a C$2,400.00 price objective on shares of Constellation Software and gave the company a “market perform” rating in a research report on Thursday, May 5th. BMO Capital Markets reduced their target price on shares of Constellation Software from C$2,500.00 to C$2,400.00 in a research note on Thursday, May 5th. Royal Bank of Canada reduced their target price on shares of Constellation Software from C$2,800.00 to C$2,700.00 and set an “outperform” rating on the stock in a research note on Thursday, May 5th. Finally, CIBC reduced their target price on shares of Constellation Software from C$2,900.00 to C$2,450.00 and set an “outperform” rating on the stock in a research note on Friday, May 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$2,414.29.

Constellation Software Stock Performance

The company has a debt-to-equity ratio of 95.97, a current ratio of 0.79 and a quick ratio of 0.71. The stock has a market cap of C$45.96 billion and a P/E ratio of 85.93. The stock’s 50 day simple moving average is C$1,961.13 and its two-hundred day simple moving average is C$2,047.91.

Constellation Software (TSE:CSU – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported C$16.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$14.48 by C$1.90. The business had revenue of C$1.81 billion during the quarter, compared to analyst estimates of C$1.73 billion. As a group, research analysts forecast that Constellation Software Inc. will post 84.9100024 EPS for the current year.

About Constellation Software

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Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and rest of Europe. Its industry specific software businesses provide specialized and mission-critical software solutions. The company serves public and private sector markets.

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