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

Constellation Software Inc. (TSE:CSU) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$4,800.00.

Several research analysts have recently issued reports on the stock. UBS Group upgraded shares of Constellation Software to a “strong-buy” rating in a research note on Thursday. CIBC upped their price objective on Constellation Software from C$4,100.00 to C$4,850.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. TD Securities lifted their target price on Constellation Software from C$4,500.00 to C$4,800.00 in a report on Monday, November 11th. BMO Capital Markets upped their price target on Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday, November 11th. Finally, National Bankshares increased their price objective on Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th.

Constellation Software Price Performance

CSU opened at C$4,587.90 on Friday. Constellation Software has a 1 year low of C$3,148.70 and a 1 year high of C$4,669.84. The stock has a 50-day moving average price of C$4,379.86 and a 200-day moving average price of C$4,146.17. The firm has a market cap of C$97.22 billion, a PE ratio of 108.38, 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be issued a $1.353 dividend. This represents a $5.41 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Friday, December 20th. 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.