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

Constellation Software Inc. (TSE:CSU)’s share price reached a new 52-week high during trading on Tuesday after Royal Bank of Canada raised their price target on the stock from C$5,300.00 to C$5,700.00. The stock traded as high as C$4,990.00 and last traded at C$4,760.78, with a volume of 16417 shares changing hands. The stock had previously closed at C$4,800.00.

Several other research firms also recently weighed in on CSU. BMO Capital Markets lifted their target price on shares of Constellation Software from C$4,900.00 to C$5,500.00 in a research note on Monday. Raymond James boosted their target price on shares of Constellation Software from C$4,550.00 to C$5,250.00 in a report on Monday. CIBC increased their target price on Constellation Software from C$5,300.00 to C$5,450.00 in a research report on Monday. TD Securities lifted their price target on Constellation Software from C$4,500.00 to C$4,800.00 in a research report on Monday, November 11th. Finally, UBS Group raised Constellation Software to a “strong-buy” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$5,283.33.

Constellation Software Trading Down 0.8 %

The stock’s 50 day simple moving average is C$4,687.51 and its 200 day simple moving average is C$4,520.69. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93. The firm has a market cap of C$71.94 billion, a PE ratio of 113.12, a PEG ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were paid a $1.353 dividend. The ex-dividend date was Friday, December 20th. This represents a $5.41 dividend on an annualized basis and a yield of 0.11%. Constellation Software’s dividend payout ratio is presently 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.