FirstService (NASDAQ:FSV) Price Target Raised to $215.00 at Stifel Nicolaus

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV had its price objective boosted by research analysts at Stifel Nicolaus from $200.00 to $215.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. Stifel Nicolaus' price target indicates a potential upside of 16.16% from the stock's previous close.

Other analysts have also issued research reports about the company. Scotiabank boosted their price target on FirstService from $190.00 to $200.00 and gave the company a "sector perform" rating in a report on Tuesday, October 15th. Royal Bank of Canada increased their price target on FirstService from $187.00 to $192.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Finally, TD Securities lifted their price objective on FirstService from $179.00 to $182.00 and gave the company a "hold" rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, FirstService has a consensus rating of "Moderate Buy" and an average target price of $198.33.

FirstService Trading Down 1.0 %

FSV traded down $1.89 during trading hours on Monday, reaching $185.09. 43,210 shares of the company's stock traded hands, compared to its average volume of 82,764. The firm has a 50-day moving average price of $179.31 and a 200 day moving average price of $163.56. The firm has a market capitalization of $8.32 billion, a PE ratio of 91.87 and a beta of 1.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.23. FirstService has a 52-week low of $134.77 and a 52-week high of $189.89.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.26 by $0.10. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. FirstService had a net margin of 1.73% and a return on equity of 15.60%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 EPS. As a group, sell-side analysts predict that FirstService will post 4.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FSV. Blue Trust Inc. increased its position in shares of FirstService by 8,066.7% during the second quarter. Blue Trust Inc. now owns 245 shares of the financial services provider's stock worth $41,000 after purchasing an additional 242 shares in the last quarter. Benjamin Edwards Inc. raised its stake in FirstService by 35.0% in the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider's stock valued at $53,000 after buying an additional 91 shares during the last quarter. Gulf International Bank UK Ltd boosted its holdings in FirstService by 25.9% in the first quarter. Gulf International Bank UK Ltd now owns 365 shares of the financial services provider's stock worth $60,000 after acquiring an additional 75 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of FirstService by 49.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider's stock worth $63,000 after acquiring an additional 138 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of FirstService by 40.6% during the second quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 141 shares in the last quarter. 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.