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

Constellation Software (TSE:CSU) had its price target hoisted by TD Securities from C$5,500.00 to C$5,600.00 in a research report released on Tuesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on CSU. BMO Capital Markets lifted their price target on Constellation Software from C$5,500.00 to C$5,700.00 in a report on Tuesday. Royal Bank of Canada set a C$5.70 price target on Constellation Software and gave the company an “outperform” rating in a report on Friday, March 21st. Raymond James lifted their price target on Constellation Software from C$4,550.00 to C$5,250.00 in a report on Monday, March 10th. Finally, CIBC lifted their price target on Constellation Software from C$5,300.00 to C$5,450.00 in a report on Monday, March 10th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$4,500.95.

Constellation Software Trading Down 3.8%

CSU opened at C$4,936.46 on Tuesday. The stock’s fifty day moving average is C$4,728.29 and its two-hundred day moving average is C$4,649.27. The company has a market capitalization of C$74.60 billion, a P/E ratio of 117.29, a PEG ratio of 2.95 and a beta of 0.81. Constellation Software has a 52 week low of C$3,605.00 and a 52 week high of C$5,300.00. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83.

Constellation Software Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, March 28th. This represents a $4.00 annualized dividend and a yield of 0.08%. Constellation Software’s dividend payout ratio (DPR) is 13.02%.

About Constellation Software

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.