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

Key Points

• The price target for Constellation Software has been raised by Royal Bank of Canada from C$5,700.00 to C$6,000.00, indicating a potential upside of 23.35% from its previous close.
• Shares of Constellation Software recently increased by 5.7%, reaching a value of C$4,864.40 with a market capitalization of C$73.51 billion.
• The company enjoys a consensus rating of "Buy" from analysts, with six analysts endorsing buy ratings and one maintaining a hold rating.

Constellation Software (TSE:CSU - Free Report) had its target price increased 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. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other research firms have also recently issued reports on CSU. BMO Capital Markets cut their target price on shares of Constellation Software from C$5,700.00 to C$5,400.00 in a research note on Monday. TD Securities raised their target price on shares of Constellation Software from C$5,600.00 to C$5,700.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Jefferies Financial Group raised their target price on shares of Constellation Software from C$5,350.00 to C$5,850.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$5,521.43.

Constellation Software Stock Performance

Shares of TSE CSU traded down C$250.90 during mid-day trading on Monday, reaching C$4,256.68. 83,383 shares of the company were exchanged, compared to its average volume of 34,504. The company's 50-day simple moving average is C$4,861.66 and its 200-day simple moving average is C$4,828.68. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 169.83. The stock has a market capitalization of C$64.33 billion, a P/E ratio of 101.14, a P/E/G ratio of 2.95 and a beta of 0.81. Constellation Software has a twelve month low of C$4,092.69 and a twelve month high of C$5,300.00.

Constellation Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, July 11th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a 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%.

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.