Constellation Software (TSE:CSU) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Constellation Software (TSE:CSU) had its price objective boosted by BMO Capital Markets from C$4,800.00 to C$4,900.00 in a research note released on Monday,BayStreet.CA reports.

Several other brokerages have also issued reports on CSU. National Bankshares increased their price objective on Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. CIBC boosted their target price on Constellation Software from C$4,100.00 to C$4,850.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Raymond James boosted their target price on Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday. Royal Bank of Canada upped their price target on Constellation Software from C$4,300.00 to C$4,700.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Finally, TD Securities upped their price target on Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$4,800.00.

Constellation Software Stock Performance

Shares of CSU stock opened at C$4,572.98 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 151.81. Constellation Software has a 1-year low of C$3,050.30 and a 1-year high of C$4,600.00. The stock’s fifty day simple moving average is C$4,339.46 and its 200-day simple moving average is C$4,105.32. The company has a market capitalization of C$96.90 billion, a price-to-earnings ratio of 106.07, a P/E/G ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors 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 annualized dividend and a 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.