FirstService Co. (NASDAQ:FSV) Receives $198.33 Average Target Price from Brokerages

FirstService Co. (NASDAQ:FSV - Get Free Report) TSE: FSV has been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $198.33.

FSV has been the topic of several research analyst reports. Scotiabank increased their target price on FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 15th. Royal Bank of Canada boosted their price objective on shares of FirstService from $187.00 to $192.00 and gave the company an "outperform" rating in a report on Friday, July 26th. TD Securities increased their target price on shares of FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Stifel Nicolaus boosted their price target on shares of FirstService from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday, October 21st. Finally, StockNews.com upgraded FirstService from a "hold" rating to a "buy" rating in a report on Friday, October 25th.

Institutional Trading of FirstService

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of FirstService by 8,066.7% during the second quarter. Blue Trust Inc. now owns 245 shares of the financial services provider's stock worth $41,000 after purchasing an additional 242 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of FirstService by 35.0% during the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 91 shares in the last quarter. Venturi Wealth Management LLC bought a new position in FirstService during the third quarter valued at about $66,000. Benjamin F. Edwards & Company Inc. increased its holdings in FirstService by 49.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider's stock worth $63,000 after acquiring an additional 138 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in FirstService by 40.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider's stock worth $74,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Stock Down 1.0 %

NASDAQ FSV traded down $1.83 on Thursday, reaching $185.26. The stock had a trading volume of 44,108 shares, compared to its average volume of 82,825. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 77.19 and a beta of 1.05. The business has a 50 day moving average price of $183.74 and a 200 day moving average price of $167.87. FirstService has a 1 year low of $141.26 and a 1 year high of $192.71.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.21. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.32 billion. FirstService had a net margin of 2.19% and a return on equity of 16.68%. FirstService's revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 earnings per share. On average, analysts forecast that FirstService will post 4.58 EPS for the current fiscal year.

FirstService Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, September 30th. FirstService's payout ratio is currently 41.67%.

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.