FirstService (NASDAQ:FSV) Raised to Buy at StockNews.com

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

Separately, Raymond James raised their target price on FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, FirstService presently has an average rating of "Moderate Buy" and an average price target of $201.67.

FirstService Stock Performance

Shares of NASDAQ FSV traded up $0.53 during trading on Wednesday, reaching $170.30. 153,352 shares of the company traded hands, compared to its average volume of 93,873. FirstService has a 52-week low of $141.26 and a 52-week high of $197.84. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. The firm has a 50 day simple moving average of $175.68 and a 200-day simple moving average of $181.70. The stock has a market capitalization of $7.74 billion, a PE ratio of 57.34 and a beta of 1.12.

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Institutional Trading of FirstService

Several institutional investors have recently made changes to their positions in FSV. Vanguard Group Inc. boosted its holdings in shares of FirstService by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 1,794,676 shares of the financial services provider's stock valued at $325,100,000 after purchasing an additional 23,103 shares during the last quarter. FIL Ltd boosted its holdings in FirstService by 12.0% during the 4th quarter. FIL Ltd now owns 1,057,284 shares of the financial services provider's stock valued at $191,524,000 after acquiring an additional 113,592 shares during the period. Price T Rowe Associates Inc. MD boosted its position in FirstService by 53.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 656,097 shares of the financial services provider's stock valued at $118,767,000 after buying an additional 229,889 shares during the period. Franklin Resources Inc. boosted its holdings in shares of FirstService by 18.5% in the fourth quarter. Franklin Resources Inc. now owns 556,050 shares of the financial services provider's stock valued at $100,632,000 after purchasing an additional 86,909 shares during the period. Finally, Norges Bank bought a new position in shares of FirstService during the 4th quarter worth $98,615,000. 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.