Constellation Software Inc. (TSE:CSU – Free Report) – Raymond James increased its EPS estimates for Constellation Software for fiscal 2024 in a report released on Sunday, November 10. Raymond James analyst S. Li now predicts the company will earn $106.91 per share this year, up from the previous forecast of $106.74. The consensus estimate for Constellation Software’s current full-year earnings is $55.46 per share.
Several other brokers have also recently commented on CSU. TD Securities raised its price objective on Constellation Software from C$4,500.00 to C$4,800.00 in a research report on Monday. Royal Bank of Canada raised their price target on Constellation Software from C$4,300.00 to C$4,700.00 and gave the stock an “outperform” rating in a report on Monday, July 22. 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 report on Thursday, October 24. BMO Capital Markets raised its price target on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a report on Monday. Finally, CIBC raised their price target on shares of Constellation Software from C$4,100.00 to C$4,850.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of ‘Moderate Buy’ and an average price target of $4,800.00.
Read our latest analysis on Constellation Software
Constellation software drops 1.9%
Constellation Software shares opened at C$4,488.16 on Wednesday. Constellation Software has a fifty-two week low of $3,057.00 and a fifty-two week high of $4,610.74. The company has a debt-to-equity ratio of 151.81, a quick ratio of 0.55 and a current ratio of 0.90. The company has a market capitalization of C$95.10 billion, a price-to-earnings ratio of 106.03, a price-to-earnings ratio of 2.95 and a beta of 0.81. The company has a fifty-day moving average of $4,345.91 and a 200-day moving average of $4,108.59.
Constellation Software cuts dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 10. Shareholders of record on Friday, December 20 will receive a dividend of $1,353 per share. The ex-dividend date is Friday, December 20. This represents a dividend of $5.41 annually and a dividend yield of 0.12%. Constellation Software’s dividend payout ratio currently stands at 12.95%.
About Constellation Software
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Constellation Software Inc, together with its subsidiaries, acquires, builds and manages software companies for the vertical market 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 software licensing; and sales of third-party hardware.
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