Constellation Software, Superior Plus: Canadian Equity Preview
Shares of the following companies may have unusual moves in Canadian trading.
Constellation Software Inc. (CSU CN): The software holding company forecast 2011 sales above the average analyst estimates.
InnVest Real Estate Investment Trust (INN-U) (INN-U CN): The owner of 144 hotels in Canada had its rating cut to “market perform” from “outperform” by Karine MacIndoe, a Bank of Montreal analyst. In a note, MacIndoe said the units’ 27 percent gain since March 12, 2010, makes them appropriately valued.
Onex Corp. (OCX) : Canada’s largest buyout firm said it will acquire a minority stake in Klamath Falls, Oregon-based window-and door-maker Jeld-Wen Holding Inc. for $675 million.
Superior Plus Corp. (SPB) : The propane distributor said it earned 38 Canadian cents a share in the first quarter. Benoit Laprade, an analyst at Bank of Nova Scotia, had forecast a profit of 23 Canadian cents a share, while Gordon Tait, an analyst at Bank of Montreal, had estimated earnings of 37 Canadian cents a share.
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