Brokerages Set FirstService Co. (NASDAQ:FSV) Price Target at $201.67

Shares of FirstService Co. (NASDAQ:FSV - Get Free Report) TSE: FSV have been given an average recommendation of "Moderate Buy" by the six ratings firms that are presently 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 1-year price objective among analysts that have covered the stock in the last year is $201.67.

FSV has been the topic of a number of analyst reports. Raymond James raised their price target on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. StockNews.com lowered shares of FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th.

FirstService Stock Down 0.7 %

FSV stock traded down $1.25 during mid-day trading on Friday, reaching $170.70. The company had a trading volume of 27,585 shares, compared to its average volume of 155,470. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. FirstService has a fifty-two week low of $141.26 and a fifty-two week high of $197.84. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 57.46 and a beta of 1.04. The firm has a fifty day simple moving average of $170.22 and a 200 day simple moving average of $179.88.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were issued a dividend of $0.275 per share. The ex-dividend date was Monday, March 31st. This is an increase from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 0.64%. FirstService's dividend payout ratio (DPR) is currently 37.04%.

Hedge Funds Weigh In On FirstService

Large investors have recently modified their holdings of the business. Berry Wealth Group LP raised its holdings in FirstService by 5.4% during the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock worth $323,000 after purchasing an additional 91 shares during the last quarter. Signaturefd LLC raised its stake in shares of FirstService by 7.5% during the 4th quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock worth $247,000 after buying an additional 95 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of FirstService by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider's stock worth $533,000 after buying an additional 98 shares in the last quarter. Stifel Financial Corp grew its stake in FirstService by 0.5% in the 4th quarter. Stifel Financial Corp now owns 21,205 shares of the financial services provider's stock valued at $3,838,000 after acquiring an additional 102 shares during the last quarter. Finally, Vista Finance LLC grew its stake in FirstService by 7.0% in the 1st quarter. Vista Finance LLC now owns 2,000 shares of the financial services provider's stock valued at $332,000 after acquiring an additional 131 shares during the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

About FirstService

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.