Royal Bank Of Canada Issues Positive Forecast for Constellation Software (TSE:CSU) Stock Price

Constellation Software (TSE:CSU) had its target price raised by Royal Bank Of Canada from C$5,700.00 to C$6,000.00 in a report issued on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

CSU has been the subject of a number of other research reports. Jefferies Financial Group upped their price objective on shares of Constellation Software from C$5,350.00 to C$5,850.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. BMO Capital Markets cut their price objective on shares of Constellation Software from C$5,700.00 to C$5,400.00 in a research note on Monday. Finally, TD Securities upped their price objective on shares of Constellation Software from C$5,600.00 to C$5,700.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$5,521.43.

Constellation Software Price Performance

Shares of Constellation Software stock opened at C$4,801.81 on Monday. Constellation Software has a 52-week low of C$3,959.54 and a 52-week high of C$5,300.00. The stock has a market capitalization of C$72.56 billion, a price-to-earnings ratio of 114.09, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The company has a fifty day moving average of C$4,888.92 and a 200-day moving average of C$4,834.32. The company has a debt-to-equity ratio of 169.83, a quick ratio of 0.55 and a current ratio of 0.93.

Constellation Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 11th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, June 20th. Constellation Software’s dividend payout ratio (DPR) is currently 13.02%.

Constellation Software Company Profile

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.