Royal Bank of Canada Reiterates C$5.70 Price Target for Constellation Software (TSE:CSU)

Royal Bank of Canada set a C$5.70 price objective on Constellation Software (TSE:CSU) in a research report sent to investors on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CSU has been the subject of a number of other reports. Raymond James boosted their price objective on Constellation Software from C$4,550.00 to C$5,250.00 in a research note on Monday, March 10th. UBS Group raised shares of Constellation Software to a “strong-buy” rating in a research note on Thursday, November 21st. CIBC lifted their target price on shares of Constellation Software from C$5,300.00 to C$5,450.00 in a research note on Monday, March 10th. Finally, BMO Capital Markets raised their price target on Constellation Software from C$4,900.00 to C$5,500.00 in a report on Monday, March 10th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Constellation Software presently has a consensus rating of “Moderate Buy” and an average price target of C$4,334.28.

Constellation Software Stock Performance

CSU opened at C$4,626.66 on Friday. The company’s 50 day moving average is C$4,744.42 and its 200 day moving average is C$4,543.48. 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 company has a market cap of C$69.92 billion, a price-to-earnings ratio of 109.93, a PEG ratio of 2.95 and a beta of 0.81. Constellation Software has a 12-month low of C$3,535.00 and a 12-month high of C$5,040.00.

Constellation Software Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend is Friday, March 28th. Constellation Software’s 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.