Constellation Software Inc. (TSE:CSU) Given Average Recommendation of “Moderate Buy” by Brokerages

Constellation Software Inc. (TSE:CSU) has earned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$4,334.28.

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

Constellation Software Stock Down 2.1 %

TSE CSU opened at C$4,564.80 on Friday. Constellation Software has a 1-year low of C$3,535.00 and a 1-year high of C$5,040.00. The company has a market capitalization of C$68.98 billion, a price-to-earnings ratio of 108.46, a PEG ratio of 2.95 and a beta of 0.81. The stock’s 50 day moving average is C$4,776.52 and its two-hundred day moving average is C$4,554.57. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, March 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.09%. 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.