TD Securities Issues Positive Forecast for Constellation Software (TSE:CSU) Stock Price

Constellation Software (TSE:CSU) had its target price hoisted by TD Securities from C$4,500.00 to C$4,800.00 in a research note published on Monday,BayStreet.CA reports.

Several other research analysts also recently weighed in on the company. Royal Bank of Canada boosted their price target 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. BMO Capital Markets boosted their target price on shares of Constellation Software from C$4,550.00 to C$4,800.00 in a report on Monday, November 4th. National Bankshares increased their target price on 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. Raymond James raised their price objective 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. Finally, CIBC boosted their target price on Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$4,800.00.

Constellation Software Stock Up 2.2 %

CSU stock opened at C$4,454.39 on Monday. The company’s 50 day simple moving average is C$4,333.74 and its 200-day simple moving average is C$4,093.67. The firm has a market capitalization of C$94.39 billion, a PE ratio of 104.65, a P/E/G ratio of 2.95 and a beta of 0.81. The company has a debt-to-equity ratio of 151.81, a current ratio of 0.90 and a quick ratio of 0.55. Constellation Software has a 12 month low of C$3,015.20 and a 12 month high of C$4,476.50.

Constellation Software (TSE:CSU) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of C$3.40 billion. Constellation Software had a return on equity of 15.93% and a net margin of 7.00%. Equities analysts expect that Constellation Software 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 given a dividend of $1.353 per share. The ex-dividend date is Friday, December 20th. This represents a $5.41 dividend on an annualized basis and a dividend yield of 0.12%. Constellation Software’s payout ratio is currently 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.