Constellation Software (TSE:CSU) Hits New 52-Week High on Analyst Upgrade

Constellation Software Inc. (TSE:CSU)’s share price 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.

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

Constellation Software Stock Performance

The business has a 50 day simple moving average of C$4,334.81 and a 200 day simple moving average of C$4,099.30. The company has a market capitalization of C$95.14 billion, a PE ratio of 106.07, a PEG ratio of 2.95 and a beta of 0.81. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 151.81.

Constellation Software Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be paid a dividend of $1.353 per share. The ex-dividend date is Friday, December 20th. This represents a $5.41 dividend on an annualized basis and a dividend yield of 0.12%. Constellation Software’s payout ratio is 12.95%.

About Constellation Software

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.