StockNews.com downgraded shares of FirstService (NASDAQ:FSV - Free Report) TSE: FSV from a buy rating to a hold rating in a research note issued to investors on Friday morning.
Separately, Raymond James upped their target price on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Three 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 a consensus rating of "Moderate Buy" and an average target price of $201.67.
Get Our Latest Analysis on FirstService
FirstService Stock Performance
Shares of NASDAQ:FSV traded down $2.46 on Friday, reaching $170.79. The company's stock had a trading volume of 158,459 shares, compared to its average volume of 127,851. The stock's 50-day moving average is $178.15 and its two-hundred day moving average is $182.44. FirstService has a 52-week low of $141.26 and a 52-week high of $197.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The stock has a market capitalization of $7.76 billion, a P/E ratio of 57.51 and a beta of 1.12.
FirstService Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be given a dividend of $0.275 per share. This is a positive change from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Monday, March 31st. FirstService's dividend payout ratio is presently 37.04%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new position in FirstService during the fourth quarter worth about $29,000. Trust Co. of Vermont acquired a new stake in shares of FirstService in the fourth quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of FirstService in the third quarter valued at approximately $53,000. Venturi Wealth Management LLC acquired a new stake in shares of FirstService in the third quarter valued at approximately $66,000. Finally, Natixis grew its position in shares of FirstService by 5,511.1% in the fourth quarter. Natixis now owns 505 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 496 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.
About FirstService
(
Get Free Report)
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.
Featured Articles
Before you consider FirstService, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstService wasn't on the list.
While FirstService currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
