Constellation Software (TSE:CSU) Hits New 52-Week High on Analyst Upgrade

Constellation Software Inc. (TSE:CSU - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday after BMO Capital Markets raised their price target on the stock from C$4,800.00 to C$4,900.00. The company traded as high as C$4,480.18 and last traded at C$4,441.00, with a volume of 5121 shares trading hands. The stock had previously closed at C$4,454.39.

Several other brokerages have also issued reports on CSU. Raymond James lifted their price target on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a report on Monday. Royal Bank of Canada boosted their price target on Constellation Software from C$4,300.00 to C$4,700.00 and gave the stock an "outperform" rating in a report on Monday, July 22nd. National Bankshares boosted their target price on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. TD Securities raised their price target on shares of Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday. Finally, CIBC boosted their price objective on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Constellation Software has an average rating of "Moderate Buy" and an average price target of C$4,800.00.

Constellation Software Stock Up 0.8 %

The stock has a market cap of C$95.14 billion, a price-to-earnings ratio of 105.23, a PEG ratio of 2.95 and a beta of 0.81. The stock has a 50 day simple moving average of C$4,334.81 and a 200 day simple moving average of C$4,099.30. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 151.81.

Constellation Software (TSE:CSU - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported C$31.00 EPS for the quarter, beating analysts' consensus estimates of C$29.71 by C$1.29. The business had revenue of C$3.38 billion during the quarter, compared to analyst estimates of C$3.40 billion. Constellation Software had a net margin of 7.00% and a return on equity of 15.93%. As a group, analysts expect that Constellation Software Inc. will post 55.4616354 earnings per share for the current fiscal year.

Constellation Software Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be issued a $1.353 dividend. The ex-dividend date is Friday, December 20th. This represents a $5.41 annualized dividend and a dividend yield of 0.12%. Constellation Software's dividend payout ratio is currently 12.95%.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.