Constellation Software (TSE:CSU) Hits New 12-Month High Following Analyst Upgrade

Constellation Software Inc. (TSE:CSU) 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.

Other analysts also recently issued reports about the company. CIBC upped their price objective on Constellation Software from C$5,300.00 to C$5,450.00 in a research note on Monday. UBS Group raised Constellation Software to a “strong-buy” rating in a report on Thursday, November 21st. Raymond James increased their price target on Constellation Software from C$4,550.00 to C$5,250.00 in a report on Monday. TD Securities boosted their price objective on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday, November 11th. Finally, BMO Capital Markets raised their target price on shares of Constellation Software from C$4,900.00 to C$5,500.00 in a research note on Monday. Two research 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 MarketBeat.com, Constellation Software presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5,283.33.

Constellation Software Stock Performance

The stock’s 50 day moving average price is C$4,699.26 and its two-hundred day moving average price is C$4,527.09. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. The firm has a market capitalization of C$71.86 billion, a price-to-earnings ratio of 112.98, a PEG ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were given a dividend of $1.353 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $5.41 dividend on an annualized basis and a dividend yield of 0.11%. Constellation Software’s payout ratio is 13.02%.

Constellation Software Company Profile

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.