Constellation Software (TSE:CSU) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Constellation Software Inc. (TSE:CSUGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2,786.58 and traded as high as C$2,917.87. Constellation Software shares last traded at C$2,901.56, with a volume of 72,893 shares.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CSU. TD raised their price target on Constellation Software from C$4,100.00 to C$4,200.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Royal Bank Of Canada lowered their price target on Constellation Software from C$4,800.00 to C$4,500.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Desjardins lowered their price target on Constellation Software from C$3,900.00 to C$3,800.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Jefferies Financial Group lowered their price target on Constellation Software from C$3,500.00 to C$3,185.00 and set a “buy” rating for the company in a report on Monday, May 25th. Finally, Canadian Imperial Bank of Commerce lowered their price target on Constellation Software from C$4,080.00 to C$4,000.00 in a report on Thursday, May 14th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$3,823.50.

View Our Latest Report on CSU

Constellation Software Price Performance

The company has a debt-to-equity ratio of 143.18, a current ratio of 0.91 and a quick ratio of 0.55. The stock has a market cap of C$62.93 billion, a price-to-earnings ratio of 84.69, a P/E/G ratio of 2.95 and a beta of 0.53. The stock has a fifty day moving average of C$2,566.03 and a 200 day moving average of C$2,787.86.

Constellation Software (TSE:CSUGet Free Report) last released its earnings results on Tuesday, May 12th. The company reported C$24.08 EPS for the quarter. Constellation Software had a return on equity of 20.79% and a net margin of 6.08%.The firm had revenue of C$4.42 billion during the quarter. On average, analysts expect that Constellation Software Inc. will post 55.4616354 EPS for the current fiscal year.

Constellation Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, March 27th. Constellation Software’s dividend payout ratio (DPR) is currently 11.41%.

Constellation Software Company Profile

(Get Free Report)

Constellation Software is an international provider of market-leading software and services to a number of industries. Our mission is to acquire, manage and build market-leading software businesses that develop specialized, mission-critical software solutions to address the specific needs of our particular industries. Our company was founded in 1995 to assemble a portfolio of vertical market software companies that have the potential to be leaders in their particular market. Since then, we have grown rapidly through a combination of acquisitions and organic growth, and established a strong constellation of companies with a large, diverse customer base.

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