Canadian Imperial Bank of Commerce Cuts Constellation Software (TSE:CSU) Price Target to C$4,610.00

Constellation Software (TSE:CSU) had its price objective decreased by Canadian Imperial Bank of Commerce from C$4,688.00 to C$4,610.00 in a report released on Tuesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce currently has an outperform rating on the stock.

A number of other research firms have also issued reports on CSU. Raymond James Financial lowered their target price on shares of Constellation Software from C$5,250.00 to C$4,300.00 in a research note on Monday, November 10th. Royal Bank Of Canada cut their target price on shares of Constellation Software from C$5,600.00 to C$4,800.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. BMO Capital Markets decreased their price target on shares of Constellation Software from C$4,600.00 to C$4,200.00 in a report on Tuesday. TD Securities dropped their price objective on Constellation Software from C$5,700.00 to C$5,300.00 in a research note on Monday, November 10th. Finally, Jefferies Financial Group cut their price objective on Constellation Software from C$5,850.00 to C$4,500.00 in a research report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$4,187.14.

Constellation Software Stock Down 3.0%

Shares of Constellation Software stock opened at C$2,619.09 on Tuesday. Constellation Software has a 12-month low of C$2,196.00 and a 12-month high of C$5,300.00. The company has a quick ratio of 0.55, a current ratio of 0.96 and a debt-to-equity ratio of 161.87. The stock has a 50 day moving average price of C$2,698.83 and a two-hundred day moving average price of C$3,375.43. The stock has a market capitalization of C$55.50 billion, a P/E ratio of 80.84, a PEG ratio of 2.95 and a beta of 0.33.

Constellation Software (TSE:CSU) last released its quarterly earnings results on Monday, March 9th. The company reported C$7.12 EPS for the quarter. Constellation Software had a net margin of 4.40% and a return on equity of 15.35%. The company had revenue of C$4.19 billion for the quarter. Equities analysts expect that Constellation Software will post 55.4616354 earnings per share for the current year.

Constellation Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, January 12th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, December 19th. Constellation Software’s dividend payout ratio (DPR) is currently 12.35%.

Constellation Software Company Profile

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.