Constellation Softwr Gets a Hold Rating from Scotiabank

By Jason Carr

Wall Street analyst has provided a review for the Technology company yesterday, but retained the same rating on the stock. Analyst Paul Steep from Scotiabank rated Constellation Softwr (TSX: CSU) a Hold, setting a C$700 price target.

Steep has an average return of 14.0% when recommending Constellation Softwr.

According to TipRanks.com, Steep is ranked #1890 out of 4571 analysts.

Currently, the analyst consensus on Constellation Softwr is Hold and the average price target is C$656.67, representing a 5.2% upside.

In a report issued on April 27, BMO Capital also reiterated a Hold rating on the stock with a C$655 price target.

Based on Constellation Softwr’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$735 million and quarterly net profit of C$53.51 million. In comparison, last year the company earned revenue of C$669 million and had a net profit of C$25.65 million.

Constellation Software, Inc. operates as holding company that engages in the development of software solutions. It acquires, manages and builds vertical market software businesses that provide mission critical software solutions. It operates through following segments: Public Sector and Private Sector. The Public Sector segment focuses on government and government-related customers. The Private Sector segment includes business units focused primarily on commercial customers. The company was founded by Mark Henri Leonard on August 23, 1995 and is headquartered in Toronto, Canada.

The company’s shares closed last Friday at $624.33.