FirstService Co. (NASDAQ:FSV) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of FirstService Co. (NASDAQ:FSV - Get Free Report) TSE: FSV have been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $191.67.

FSV has been the topic of several research reports. Scotiabank raised their target price on shares of FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 15th. Royal Bank of Canada raised their target price on shares of FirstService from $187.00 to $192.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Finally, TD Securities raised their target price on shares of FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FSV. Toronto Dominion Bank lifted its stake in shares of FirstService by 68.0% during the 1st quarter. Toronto Dominion Bank now owns 68,856 shares of the financial services provider's stock valued at $11,416,000 after buying an additional 27,871 shares in the last quarter. Norden Group LLC purchased a new position in shares of FirstService during the 1st quarter valued at $862,000. Amica Mutual Insurance Co. lifted its stake in shares of FirstService by 99.9% during the 2nd quarter. Amica Mutual Insurance Co. now owns 9,908 shares of the financial services provider's stock valued at $1,510,000 after buying an additional 4,952 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of FirstService by 103.1% during the 1st quarter. BNP Paribas Financial Markets now owns 15,790 shares of the financial services provider's stock valued at $2,618,000 after buying an additional 8,017 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of FirstService by 21.5% during the 1st quarter. Russell Investments Group Ltd. now owns 20,592 shares of the financial services provider's stock valued at $3,414,000 after buying an additional 3,644 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company's stock.

FirstService Stock Down 0.6 %

Shares of FSV traded down $1.12 on Friday, hitting $186.98. 61,348 shares of the stock traded hands, compared to its average volume of 82,960. The company has a market capitalization of $8.41 billion, a PE ratio of 92.56 and a beta of 1.05. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.84 and a current ratio of 1.84. The business has a 50 day simple moving average of $179.31 and a 200 day simple moving average of $163.56. FirstService has a one year low of $134.77 and a one year high of $189.89.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.10. The company had revenue of $1.30 billion during 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 earnings per share. As a group, equities analysts forecast that FirstService will post 4.35 earnings per share for the current fiscal year.

FirstService Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 30th. FirstService's dividend payout ratio is presently 49.50%.

About FirstService

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.