Constellation Software (TSE:CSU) Hits New 1-Year High After Analyst Upgrade

Constellation Software Inc. (TSE:CSU) hit a new 52-week high during mid-day trading on Tuesday after BMO Capital Markets raised their price target on the stock from C$4,800.00 to C$4,900.00. The stock traded as high as C$4,480.18 and last traded at C$4,441.00, with a volume of 5121 shares trading hands. The stock had previously closed at C$4,454.39.

Other research analysts have also recently issued research reports about the stock. Raymond James upped their target price on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a research report on Monday. TD Securities raised their target price on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday. CIBC increased their price objective on Constellation Software from C$4,100.00 to C$4,850.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Royal Bank of Canada increased their target price on shares of Constellation Software from C$4,300.00 to C$4,700.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Finally, National Bankshares boosted their price objective on Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$4,800.00.

Constellation Software Trading Up 0.8 %

The company has a debt-to-equity ratio of 151.81, a quick ratio of 0.55 and a current ratio of 0.90. The business’s 50 day moving average price is C$4,334.81 and its 200-day moving average price is C$4,099.30. The firm has a market cap of C$95.14 billion, a price-to-earnings ratio of 106.07, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be given a $1.353 dividend. This represents a $5.41 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Friday, December 20th. Constellation Software’s dividend payout ratio (DPR) is 12.95%.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.