BMO Capital Markets Forecasts Strong Price Appreciation for Constellation Software (TSE:CSU) Stock

Constellation Software (TSE:CSU) had its price objective upped by BMO Capital Markets from C$4,550.00 to C$4,800.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

A number of other brokerages also recently weighed in on CSU. National Bankshares raised their target price on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada raised their price objective on shares of Constellation Software from C$4,300.00 to C$4,700.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. CIBC upped their target price on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, Raymond James raised their price target on Constellation Software from C$3,800.00 to C$4,250.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$4,625.00.

Constellation Software Trading Up 0.1 %

Constellation Software stock opened at C$4,263.21 on Monday. The company has a debt-to-equity ratio of 151.81, a quick ratio of 0.55 and a current ratio of 0.90. Constellation Software has a fifty-two week low of C$2,820.00 and a fifty-two week high of C$4,476.50. The stock has a market cap of C$90.34 billion, a P/E ratio of 100.71, a PEG ratio of 2.95 and a beta of 0.81. The firm’s fifty day moving average price is C$4,331.75 and its 200-day moving average price is C$4,075.49.

Constellation Software (TSE:CSU) last posted its earnings results on Friday, August 9th. The company reported C$31.00 EPS for the quarter, topping the consensus estimate of C$29.71 by C$1.29. Constellation Software had a return on equity of 15.93% and a net margin of 7.00%. The business had revenue of C$3.38 billion during the quarter, compared to analysts’ expectations of C$3.40 billion. Equities research analysts forecast that Constellation Software will post 55.4616354 earnings per share for the current fiscal year.

Constellation Software Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, October 10th were issued a dividend of $1.381 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $5.52 annualized dividend and a dividend yield of 0.13%. This is a positive change from Constellation Software’s previous quarterly dividend of $1.38. Constellation Software’s dividend payout ratio (DPR) is currently 12.95%.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.