Constellation Software (TSE:CSU) Reaches New 12-Month High on Analyst Upgrade

Constellation Software Inc. (TSE:CSU)’s stock price reached a new 52-week high 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 traded. The stock had previously closed at C$4,800.00.

Several other research analysts also recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Constellation Software from C$4,900.00 to C$5,500.00 in a report on Monday. TD Securities lifted 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. Raymond James upped their price target on shares of Constellation Software from C$4,550.00 to C$5,250.00 in a research report on Monday. UBS Group upgraded Constellation Software to a “strong-buy” rating in a report on Thursday, November 21st. Finally, CIBC raised their price target on Constellation Software from C$5,300.00 to C$5,450.00 in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Constellation Software presently has an average rating of “Moderate Buy” and an average price target of C$5,283.33.

Constellation Software Trading Down 0.8 %

The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83. The firm’s fifty day moving average is C$4,687.51 and its two-hundred day moving average is C$4,520.69. The firm has a market cap of C$71.94 billion, a P/E ratio of 113.12, a PEG ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were given a $1.353 dividend. The ex-dividend date was Friday, December 20th. This represents a $5.41 annualized dividend and a dividend yield of 0.11%. Constellation Software’s dividend 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.