StockNews.com Downgrades FirstService (NASDAQ:FSV) to Hold

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.

Separately, Raymond James boosted their price target on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $201.67.

FirstService Stock Down 1.7 %

Shares of NASDAQ:FSV traded down $2.86 during mid-day trading on Thursday, hitting $166.05. 168,178 shares of the company traded hands, compared to its average volume of 102,204. The stock has a 50-day moving average price of $174.82 and a two-hundred day moving average price of $181.42. FirstService has a 12-month low of $141.26 and a 12-month high of $197.84. The stock has a market cap of $7.55 billion, a P/E ratio of 55.91 and a beta of 1.12. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09.

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Institutional Trading of FirstService

A number of large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc bought a new position in shares of FirstService during the 4th quarter valued at approximately $29,000. Trust Co. of Vermont purchased a new stake in FirstService in the fourth quarter worth $46,000. Wilmington Savings Fund Society FSB purchased a new position in shares of FirstService during the 3rd quarter valued at $53,000. Natixis grew its stake in shares of FirstService by 5,511.1% during the 4th quarter. Natixis now owns 505 shares of the financial services provider's stock worth $91,000 after acquiring an additional 496 shares during the period. Finally, State of Wyoming purchased a new stake in FirstService in the 4th quarter worth about $101,000. 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.