FirstService (NASDAQ:FSV) Given New $198.00 Price Target at TD Securities

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV had its target price increased by investment analysts at TD Securities from $197.00 to $198.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the financial services provider's stock. TD Securities' target price would suggest a potential upside of 14.86% from the company's current price.

Several other equities analysts also recently commented on FSV. StockNews.com downgraded shares of FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Raymond James raised their price objective on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, Scotiabank dropped their price target on FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.00.

FirstService Stock Performance

Shares of FirstService stock traded up $1.59 during trading on Tuesday, hitting $172.39. 58,593 shares of the stock were exchanged, compared to its average volume of 108,496. FirstService has a 1-year low of $141.26 and a 1-year high of $197.84. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 58.00 and a beta of 1.04. The company has a fifty day moving average price of $170.05 and a 200-day moving average price of $179.70. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09.

Institutional Trading of FirstService

Several large investors have recently made changes to their positions in FSV. MML Investors Services LLC acquired a new stake in FirstService in the 3rd quarter valued at $262,000. Geode Capital Management LLC lifted its position in FirstService by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 240,603 shares of the financial services provider's stock valued at $45,144,000 after acquiring an additional 10,213 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in FirstService during the 3rd quarter worth approximately $53,000. Franklin Resources Inc. lifted its holdings in shares of 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 purchasing an additional 389,129 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of FirstService by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider's stock valued at $36,634,000 after buying an additional 10,191 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

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.

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