Constellation Software (TSE:CSU) Given New C$5,450.00 Price Target at CIBC

Constellation Software (TSE:CSU) had its target price increased by CIBC from C$5,300.00 to C$5,450.00 in a research note issued to investors on Monday,BayStreet.CA reports.

Several other research analysts also recently weighed in on the stock. TD Securities boosted their target price on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday, November 11th. UBS Group upgraded Constellation Software to a “strong-buy” rating in a report on Thursday, November 21st. BMO Capital Markets lifted their price target on Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. Finally, Raymond James lifted their price target on Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$5,283.33.

Constellation Software Trading Up 0.7 %

Shares of CSU stock opened at C$4,754.94 on Monday. The firm has a 50-day moving average price of C$4,699.26 and a 200 day moving average price of C$4,527.09. Constellation Software has a twelve month low of C$3,535.00 and a twelve month high of C$5,040.00. The company has a market capitalization of C$71.86 billion, a price-to-earnings ratio of 112.98, 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 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were issued a dividend of $1.353 per share. This represents a $5.41 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date was Friday, December 20th. Constellation Software’s 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.