Scotiabank Cuts FirstService (NASDAQ:FSV) Price Target to $210.00

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV had its target price lowered by equities research analysts at Scotiabank from $217.50 to $210.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "sector perform" rating on the financial services provider's stock. Scotiabank's price target indicates a potential upside of 22.16% from the stock's previous close.

A number of other brokerages also recently weighed in on FSV. StockNews.com downgraded shares of FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Raymond James increased their target price on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $203.33.

FirstService Stock Performance

NASDAQ:FSV traded down $0.05 during mid-day trading on Thursday, hitting $171.90. 43,831 shares of the company's stock traded hands, compared to its average volume of 107,958. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average of $170.22 and a two-hundred day moving average of $179.88. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 57.88 and a beta of 1.04. FirstService has a 12 month low of $141.26 and a 12 month high of $197.84.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FSV. Versant Capital Management Inc bought a new stake in shares of FirstService during the fourth quarter worth $29,000. Trust Co. of Vermont acquired a new stake in FirstService in the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB bought a new position in shares of FirstService in the third quarter worth about $53,000. Natixis increased its holdings 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 in the last quarter. Finally, State of Wyoming acquired a new position in FirstService during the 4th quarter worth $101,000. 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.

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