TD Securities Upgrades Constellation Software (TSE:CSU) to “Buy”

TD Securities upgraded shares of Constellation Software (TSE:CSU) from a hold rating to a buy rating in a research report report published on Friday,BayStreet.CA reports. They currently have C$5,550.00 price target on the stock, up from their previous price target of C$5,250.00.

Several other brokerages also recently weighed in on CSU. CIBC raised their target price on shares of Constellation Software from C$5,300.00 to C$5,450.00 in a research note on Monday, March 10th. BMO Capital Markets raised their price objective on Constellation Software from C$4,900.00 to C$5,500.00 in a research report on Monday, March 10th. Raymond James upped their target price on Constellation Software from C$4,550.00 to C$5,250.00 in a research report on Monday, March 10th. Finally, Royal Bank of Canada set a C$5.70 price target on Constellation Software and gave the stock an “outperform” rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Constellation Software has an average rating of “Buy” and a consensus price target of C$4,459.28.

Constellation Software Stock Up 4.2 %

TSE:CSU opened at C$4,549.67 on Friday. The company’s 50-day simple moving average is C$4,741.25 and its 200-day simple moving average is C$4,570.76. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93. Constellation Software has a fifty-two week low of C$3,535.00 and a fifty-two week high of C$5,040.00. The stock has a market capitalization of C$68.75 billion, a P/E ratio of 108.10, a P/E/G 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 Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $4.00 dividend on an annualized basis and a yield of 0.09%. Constellation Software’s dividend payout ratio (DPR) is 13.02%.

About Constellation Software

Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care.