Brokerages Set FirstService Co. (NASDAQ:FSV) Price Target at $198.33

FirstService Co. (NASDAQ:FSV - Get Free Report) TSE: FSV has been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $198.33.

Several research firms have recently commented on FSV. Scotiabank lifted their price target on FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 15th. StockNews.com raised shares of FirstService from a "hold" rating to a "buy" rating in a research note on Friday, October 25th. Stifel Nicolaus increased their price target on shares of FirstService from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Finally, TD Securities lifted their price target on shares of FirstService from $179.00 to $182.00 and gave the company a "hold" rating in a research report on Thursday, October 17th.

FirstService Price Performance

Shares of NASDAQ FSV traded down $0.19 during mid-day trading on Monday, reaching $191.86. The company's stock had a trading volume of 34,431 shares, compared to its average volume of 83,482. The stock has a market capitalization of $8.68 billion, a P/E ratio of 80.02 and a beta of 1.04. FirstService has a 1-year low of $141.26 and a 1-year high of $197.84. The stock has a 50-day moving average of $187.41 and a two-hundred day moving average of $172.94. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.21. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a net margin of 2.19% and a return on equity of 16.68%. FirstService's quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 EPS. On average, equities research analysts anticipate that FirstService will post 4.58 EPS for the current fiscal year.

FirstService Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. FirstService's payout ratio is currently 41.67%.

Institutional Trading of FirstService

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position 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 in the last quarter. Benjamin Edwards Inc. increased its stake in FirstService by 35.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider's stock worth $53,000 after buying an additional 91 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in FirstService during the 3rd quarter worth approximately $53,000. Benjamin F. Edwards & Company Inc. boosted its position 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 valued at $63,000 after buying an additional 138 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in shares of FirstService in the third quarter worth $66,000. Hedge funds and other institutional investors own 69.35% of the company's stock.

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.