Constellation Software (TSE:CSU) Price Target Cut to C$2,450.00 by Analysts at CIBC

Constellation Software (TSE:CSUGet Rating) had its price target reduced by CIBC from C$2,900.00 to C$2,450.00 in a research report sent to investors on Friday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

CSU has been the topic of a number of other research reports. National Bankshares lifted their price objective on Constellation Software from C$2,100.00 to C$2,350.00 and gave the stock a sector perform rating in a research note on Monday, February 14th. BMO Capital Markets dropped their price objective on Constellation Software from C$2,500.00 to C$2,400.00 in a report on Thursday. Royal Bank of Canada dropped their price objective on Constellation Software from C$2,800.00 to C$2,700.00 and set an outperform rating for the company in a report on Thursday. Finally, Raymond James set a C$2,400.00 price objective on Constellation Software and gave the company a market perform rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Constellation Software currently has an average rating of Hold and a consensus target price of C$2,414.29.

Shares of CSU opened at C$1,979.25 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 91.25. Constellation Software has a 12-month low of C$1,677.44 and a 12-month high of C$2,385.80. The business’s 50 day moving average is C$2,128.43 and its 200 day moving average is C$2,158.95. The company has a market capitalization of C$41.94 billion and a PE ratio of 106.21.

Constellation Software (TSE:CSUGet Rating) last released its quarterly earnings data on Thursday, February 10th. The company reported C$15.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$17.10 by C($1.38). The business had revenue of C$1.74 billion during the quarter, compared to analyst estimates of C$1.73 billion. Equities research analysts predict that Constellation Software will post 82.0999979 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 11th. Shareholders of record on Monday, June 20th will be issued a $1.286 dividend. This represents a $5.14 annualized dividend and a dividend yield of 0.26%. This is a boost from Constellation Software’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 17th. Constellation Software’s dividend payout ratio is currently 27.15%.

About Constellation Software (Get Rating)

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and rest of Europe. Its industry specific software businesses provide specialized and mission-critical software solutions. The company serves public and private sector markets.

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