Constellation Software (TSE:CSU) Sets New 12-Month High After Analyst Upgrade

Constellation Software Inc. (TSE:CSU)’s share price hit a new 52-week high during mid-day 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 company 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.

CSU has been the topic of a number of other reports. Raymond James upped their target price on shares of Constellation Software from C$4,550.00 to C$5,250.00 in a research report on Monday. TD Securities upped their target price on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research report on Monday, November 11th. UBS Group raised shares of Constellation Software to a “strong-buy” rating in a research report on Thursday, November 21st. CIBC upped their target price on shares of Constellation Software from C$5,300.00 to C$5,450.00 in a research report on Monday. Finally, BMO Capital Markets upped their target price on shares of Constellation Software from C$4,900.00 to C$5,500.00 in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Constellation Software presently has an average rating of “Moderate Buy” and a consensus target price of C$5,283.33.

Constellation Software Trading Down 1.6 %

The company has a market cap of C$71.37 billion, a P/E ratio of 112.21, a PEG ratio of 2.95 and a beta of 0.81. The stock’s 50 day moving average is C$4,693.06 and its 200-day moving average is C$4,523.94. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83.

Constellation Software Cuts Dividend

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