BMO Capital Markets Increases Constellation Software (TSE:CSU) Price Target to C$5,700.00

Constellation Software (TSE:CSU) had its price objective hoisted by BMO Capital Markets from C$5,500.00 to C$5,700.00 in a research report released on Tuesday morning,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on CSU. Raymond James increased their price objective on Constellation Software from C$4,550.00 to C$5,250.00 in a report on Monday, March 10th. TD Securities upgraded Constellation Software from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$5,250.00 to C$5,550.00 in a report on Friday, April 11th. Royal Bank of Canada set a C$5.70 target price on Constellation Software and gave the company an “outperform” rating in a research note on Friday, March 21st. Finally, CIBC raised their target price on Constellation Software from C$5,300.00 to C$5,450.00 in a research note on Monday, March 10th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$4,500.95.

Constellation Software Trading Down 3.8%

TSE CSU opened at C$4,936.46 on Tuesday. Constellation Software has a fifty-two week low of C$3,605.00 and a fifty-two week high of C$5,300.00. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93. The stock has a 50 day simple moving average of C$4,728.29 and a two-hundred day simple moving average of C$4,649.27. The stock has a market cap of C$74.60 billion, a P/E ratio of 117.29, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81.

Constellation Software Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Friday, March 28th. 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.