Constellation Software Inc. (TSE:CSU) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Analyst Ratings: Constellation Software Inc. has received an average rating of "Buy" from seven research firms, with five analysts recommending a buy and one a strong buy.
• Stock Performance: The stock is currently trading at C$4,718.31, down 1.3%, with a 12-month price range between C$3,920.00 and C$5,300.00.
• Dividend Announcement: Constellation Software recently declared a quarterly dividend of $1.00, resulting in an annualized dividend yield of 0.1% and a payout ratio of 13.02%.

Constellation Software Inc. (TSE:CSU - Get Free Report) has been given an average recommendation of "Buy" by the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$4,693.67.

CSU has been the subject of several recent analyst reports. Jefferies Financial Group lifted their price target on 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 lifted their price target on Constellation Software from C$5,500.00 to C$5,700.00 in a research note on Thursday, May 22nd. Finally, TD Securities lifted their price target on Constellation Software from C$5,500.00 to C$5,600.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd.

Constellation Software Stock Performance

CSU traded down C$61.97 on Friday, reaching C$4,718.31. 36,673 shares of the stock were exchanged, compared to its average volume of 33,936. The company's 50-day moving average price is C$4,910.29 and its 200 day moving average price is C$4,824.58. Constellation Software has a fifty-two week low of C$3,920.00 and a fifty-two week high of C$5,300.00. The company has a debt-to-equity ratio of 169.83, a current ratio of 0.93 and a quick ratio of 0.55. The firm has a market capitalization of C$71.30 billion, a PE ratio of 112.11, a PEG ratio of 2.95 and a beta of 0.81.

Constellation Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 11th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.1%. Constellation Software's dividend payout ratio is currently 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.