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

Constellation Software Inc. (TSE:CSU)’s share price reached a new 52-week high 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 traded. The stock had previously closed at C$4,454.39.

CSU has been the topic of a number of other research reports. Raymond James boosted their price objective on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a research report on Monday. National Bankshares boosted their price target on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. CIBC boosted their price target on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. TD Securities boosted their price target on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research report on Monday. Finally, Royal Bank of Canada boosted their price target 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$4,800.00.

Constellation Software Stock Performance

The stock has a market capitalization of C$96.90 billion, a P/E ratio of 106.07, a P/E/G 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. The business has a fifty day moving average price of C$4,339.46 and a 200-day moving average price of C$4,105.32.

Constellation Software Cuts Dividend

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