Brokerages Set Constellation Software Inc. (TSE:CSU) Price Target at C$4,334.28

Constellation Software Inc. (TSE:CSU) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$4,334.28.

A number of brokerages have recently issued reports on CSU. CIBC upped their price target on Constellation Software from C$5,300.00 to C$5,450.00 in a research report on Monday, March 10th. Raymond James increased their price target on Constellation Software from C$4,550.00 to C$5,250.00 in a research note on Monday, March 10th. Royal Bank of Canada set a C$5.70 price target on Constellation Software and gave the stock an “outperform” rating in a research note on Friday, March 21st. Finally, BMO Capital Markets increased their price objective on shares of Constellation Software from C$4,900.00 to C$5,500.00 in a research report on Monday, March 10th.

Constellation Software Trading Down 3.4 %

TSE:CSU opened at C$4,365.01 on Friday. The stock has a market capitalization of C$65.96 billion, a price-to-earnings ratio of 103.72, a PEG ratio of 2.95 and a beta of 0.81. Constellation Software has a 52 week low of C$3,535.00 and a 52 week high of C$5,040.00. 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 has a 50 day moving average of C$4,782.25 and a 200 day moving average of C$4,564.87.

Constellation Software Cuts Dividend

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