FirstService Co. (NASDAQ:FSV) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of FirstService Co. (NASDAQ:FSV - Get Free Report) TSE: FSV have been given a consensus rating of "Moderate Buy" by the six research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $201.67.

A number of equities analysts recently commented on FSV shares. Scotiabank raised their target price on FirstService from $190.00 to $200.00 and gave the company a "sector perform" rating in a report on Tuesday, October 15th. Raymond James raised their price objective on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Stifel Nicolaus upped their target price on shares of FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. StockNews.com raised shares of FirstService from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. Finally, TD Securities upped their price objective on FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th.

FirstService Trading Down 0.2 %

NASDAQ:FSV traded down $0.34 during trading hours on Tuesday, reaching $185.54. 55,845 shares of the stock were exchanged, compared to its average volume of 120,938. FirstService has a twelve month low of $141.26 and a twelve month high of $197.84. The business has a 50-day moving average of $185.67 and a two-hundred day moving average of $181.11. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 77.31 and a beta of 1.06. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13.

FirstService Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.54%. The ex-dividend date was Tuesday, December 31st. FirstService's payout ratio is 41.67%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in FirstService by 486.3% in the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider's stock valued at $87,308,000 after acquiring an additional 389,129 shares in the last quarter. Millennium Management LLC boosted its position in shares of FirstService by 2,136.1% in the 2nd quarter. Millennium Management LLC now owns 209,297 shares of the financial services provider's stock valued at $31,853,000 after purchasing an additional 199,937 shares during the period. Bank of Montreal Can grew its stake in FirstService by 19.7% during the 3rd quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider's stock worth $69,992,000 after buying an additional 63,807 shares during the last quarter. Boston Financial Mangement LLC increased its position in FirstService by 25.3% during the third quarter. Boston Financial Mangement LLC now owns 246,673 shares of the financial services provider's stock worth $45,008,000 after buying an additional 49,790 shares during the period. Finally, Jennison Associates LLC lifted its stake in FirstService by 686.9% in the fourth quarter. Jennison Associates LLC now owns 37,702 shares of the financial services provider's stock valued at $6,827,000 after buying an additional 32,911 shares during the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.