Constellation Software (CSU) has received a rating update from a Wall Street analyst yesterday. BMO Capital’s analyst Thanos Moschopoulos reiterates their Buy rating on the shares, with a C$1300 price target.
According to TipRanks.com, Moschopoulos is a 4-star analyst with an average return of 8.8% and a 76.0% success rate. Moschopoulos covers the Technology sector, focusing on stocks such as Maxar Technologies Ltd, CGI Group, and Open Text.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Constellation Software with a C$1205 average price target.
Based on Constellation Software’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$236 million. In comparison, last year the company had a net profit of C$104 million.
Constellation Software, Inc. is a holding company, which acquires, manages, and builds vertical market software businesses. It operates through two segments: Public and Private Sector. The Public Sector segment focuses on government and government-related customers. The Private Sector segment includes business units focused on commercial customers.
The company’s shares closed on Thursday at C$1187.66, close to its 52-week high of C$1210.
