Constellation Software (TSE:CSU) Sets New 1-Year High Following Analyst Upgrade

Shares of Constellation Software Inc. (TSE:CSU) hit a new 52-week high during trading on Tuesday after BMO Capital Markets raised their price target on the stock from C$4,800.00 to C$4,900.00. The company 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 several other research reports. Royal Bank of Canada lifted their price objective on shares of 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. CIBC lifted their price objective on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. National Bankshares boosted their price target on Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. 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. Finally, TD Securities upped their target price on Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Constellation Software currently has an average rating of “Moderate Buy” and a consensus price target of C$4,800.00.

Constellation Software Stock Performance

The company has a debt-to-equity ratio of 151.81, a current ratio of 0.90 and a quick ratio of 0.55. The business has a 50-day moving average of C$4,334.81 and a 200 day moving average of C$4,099.30. The company has a market cap of C$94.10 billion, a PE ratio of 105.23, a PEG ratio of 2.95 and a beta of 0.81.

Constellation Software (TSE:CSU) last announced its earnings results on Friday, August 9th. The company reported C$31.00 EPS for the quarter, topping analysts’ consensus estimates of C$29.71 by C$1.29. The firm had revenue of C$3.38 billion during the quarter, compared to analysts’ expectations of C$3.40 billion. Constellation Software had a return on equity of 15.93% and a net margin of 7.00%. Equities research analysts anticipate that Constellation Software Inc. will post 55.4616354 EPS for the current fiscal year.

Constellation Software Cuts Dividend

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