Constellation Software Inc. (TSE:CSU) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Constellation Software Inc. has received a consensus rating of "Buy" from six brokerages, with an average twelve-month price objective of C$5,521.43.
• Recent price target adjustments include Royal Bank of Canada raising their target to C$6,000.00, while BMO Capital Markets lowered theirs to C$5,400.00.
• The company has declared a quarterly dividend of $1.00, representing a 0.1% annual yield and a dividend payout ratio of 13.23%.

Constellation Software Inc. (TSE:CSU - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six research firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$5,521.43.

Several analysts have issued reports on the company. TD Securities upped their price objective on 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, August 11th. BMO Capital Markets reduced their price objective on Constellation Software from C$5,700.00 to C$5,400.00 in a research report on Monday, August 11th. Finally, Royal Bank Of Canada lifted their price objective on Constellation Software from C$5,700.00 to C$6,000.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th.

Constellation Software Trading Down 0.9%

CSU traded down C$38.03 on Friday, hitting C$4,162.25. The company had a trading volume of 19,504 shares, compared to its average volume of 36,486. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 169.83. Constellation Software has a 1 year low of C$4,101.70 and a 1 year high of C$5,300.00. The firm has a market cap of C$88.21 billion, a P/E ratio of 137.64, a PEG ratio of 2.95 and a beta of 0.77. The company's fifty day moving average price is C$4,598.44 and its 200 day moving average price is C$4,744.27.

Constellation Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, October 10th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 19th. Constellation Software's payout ratio is 13.23%.

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.