Constellation Software (TSE:CSU) Stock Rises Above Its 200-Day Moving Average – What Now?

Constellation Software Inc. (TSE:CSU – Get a Free Report) crossed above its two-hundred-day moving average during trading on Wednesday. The stock has a two-hundred-day moving average of $4,136.76 and traded as high as $4,504.49. Constellation Software shares last traded at C$4,503.07, on volume of 19,667 shares.

Wall Street analysts predict growth

CSU has been the subject of a number of recent investigative reports. TD Securities raised their target price on Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday, November 11. CIBC raised their price objective 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 note on Wednesday, August 28. Raymond James raised their target price on shares of Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday, November 11. BMO Capital Markets raised their price target on shares of Constellation Software from C$4,800.00 to C$4,900.00 in a research report on Monday, November 11. Finally, National Bankshares raised their target price on shares of Constellation Software from C$4,800.00 to C$5,000.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Constellation Software currently has an average rating of “Moderate Buy” and a consensus price target of $4,800.00.

Check out our latest report on Constellation Software

Constellation Software Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 151.81. The company has a market capitalization of C$95.42 billion, a price-to-earnings ratio of 106.38, a price-to-earnings-growth ratio of 2.95 and a beta of 0.81. The company’s fifty-day moving average is $4,365.96 and its 200-day moving average is $4,136.76.

Constellation Software cuts dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10. Investors 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 (DPR) currently stands at 12.95%.

About Constellation Software

(Get a free report)

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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