TD Securities Forecasts Strong Price Appreciation for Constellation Software (TSE:CSU) Stock

Constellation Software (TSE:CSU) had its price objective raised by TD Securities from C$4,500.00 to C$4,800.00 in a report published on Monday morning,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. National Bankshares raised their price objective on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets upped their price objective on Constellation Software from C$4,550.00 to C$4,800.00 in a report on Monday, November 4th. Raymond James lifted their target price on Constellation Software from C$3,800.00 to C$4,250.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. CIBC boosted their price target on Constellation Software from C$4,100.00 to C$4,850.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Finally, Royal Bank of Canada lifted their price objective on Constellation Software from C$4,300.00 to C$4,700.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$4,800.00.

Constellation Software Price Performance

TSE:CSU opened at C$4,488.16 on Monday. The firm’s fifty day moving average price is C$4,345.91 and its two-hundred day moving average price is C$4,108.59. The company has a debt-to-equity ratio of 151.81, a current ratio of 0.90 and a quick ratio of 0.55. The company has a market cap of C$95.10 billion, a P/E ratio of 106.03, a P/E/G ratio of 2.95 and a beta of 0.81. Constellation Software has a one year low of C$3,057.00 and a one year high of C$4,610.74.

Constellation Software Cuts Dividend

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

About Constellation Software

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.