Constellation Software (TSE:CSU) Price Target Increased to C$1,400.00 by Analysts at National Bank Financial

Constellation Software (TSE:CSU) had its price objective lifted by National Bank Financial from C$1,200.00 to C$1,400.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

CSU has been the subject of a number of other reports. BMO Capital Markets boosted their price objective on shares of Constellation Software from C$1,300.00 to C$1,400.00 in a report on Tuesday, August 6th. Royal Bank of Canada boosted their price objective on shares of Constellation Software from C$1,350.00 to C$1,450.00 and gave the stock an outperform rating in a report on Wednesday, August 7th. Finally, CIBC upped their price target on shares of Constellation Software from C$1,250.00 to C$1,350.00 in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of C$1,235.71.

Constellation Software stock traded up C$13.00 during mid-day trading on Wednesday, hitting C$1,303.94. 38,416 shares of the company traded hands, compared to its average volume of 42,876. Constellation Software has a one year low of C$814.32 and a one year high of C$1,356.82. The stock has a market cap of $27.23 billion and a price-to-earnings ratio of 68.37. The company has a debt-to-equity ratio of 99.82, a quick ratio of 0.53 and a current ratio of 0.63. The stock has a fifty day moving average price of C$1,308.78 and a 200-day moving average price of C$1,240.03.

Constellation Software (TSE:CSU) last announced its quarterly earnings data on Friday, August 2nd. The company reported C$8.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$10.05 by C($1.37). The firm had revenue of C$1.13 billion for the quarter, compared to analysts’ expectations of C$1.13 billion. Sell-side analysts predict that Constellation Software will post 36.3100019 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 16th were given a dividend of $1.319 per share. This is an increase from Constellation Software’s previous quarterly dividend of $1.00. This represents a $5.28 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Friday, September 13th. Constellation Software’s payout ratio is presently 20.97%.

About Constellation Software

Constellation Software Inc, together with its subsidiaries, engages in the development, installation, and customization of software to various markets in the United States, Canada, the United Kingdom, Europe, and internationally. It operates through two segments, Public Sector and Private Sector. The Public Sector segment develops and distributes software solutions primarily to government and government-related customers.

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