Constellation Software Inc. (TSE:CSU) Receives Consensus Recommendation of “Buy” from Brokerages

Constellation Software Inc. (TSE:CSU) has been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$4,459.28.

Several analysts have recently weighed in on CSU shares. Raymond James lifted their price objective on shares of Constellation Software from C$4,550.00 to C$5,250.00 in a research note on Monday, March 10th. CIBC increased their price objective on Constellation Software from C$5,300.00 to C$5,450.00 in a report on Monday, March 10th. BMO Capital Markets boosted their price objective on Constellation Software from C$4,900.00 to C$5,500.00 in a research note on Monday, March 10th. TD Securities upgraded Constellation Software from a “hold” rating to a “buy” rating and upped their target price for the stock from C$5,250.00 to C$5,550.00 in a research note on Friday, April 11th. Finally, Royal Bank of Canada set a C$5.70 price target on shares of Constellation Software and gave the stock an “outperform” rating in a report on Friday, March 21st.

Constellation Software Trading Down 0.1 %

Shares of CSU stock opened at C$4,883.41 on Wednesday. The stock has a market cap of C$73.80 billion, a price-to-earnings ratio of 116.03, a PEG ratio of 2.95 and a beta of 0.81. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. Constellation Software has a 1-year low of C$3,535.00 and a 1-year high of C$5,040.00. The stock has a 50-day moving average of C$4,698.98 and a 200-day moving average of C$4,595.35.

Constellation Software Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a $1.00 dividend. The ex-dividend date was Friday, March 28th. This represents a $4.00 annualized dividend and a dividend yield of 0.08%. Constellation Software’s payout ratio is presently 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.