FirstService (TSE:FSV - Free Report) NASDAQ: FSV had its price objective boosted by TD Securities from C$182.00 to C$194.00 in a research note released on Monday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.
FirstService Stock Performance
TSE FSV traded down C$2.14 during trading hours on Monday, hitting C$261.46. The company had a trading volume of 97,300 shares, compared to its average volume of 74,350. The company has a quick ratio of 1.25, a current ratio of 1.74 and a debt-to-equity ratio of 105.28. The firm has a market cap of C$11.77 billion, a P/E ratio of 107.95, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96. FirstService has a fifty-two week low of C$191.35 and a fifty-two week high of C$267.26. The business has a fifty day simple moving average of C$244.67 and a 200-day simple moving average of C$223.48.
FirstService (TSE:FSV - Get Free Report) NASDAQ: FSV last posted its earnings results on Thursday, July 25th. The company reported C$1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.58 by C$0.13. The company had revenue of C$1.78 billion for the quarter, compared to analysts' expectations of C$1.76 billion. FirstService had a return on equity of 9.46% and a net margin of 1.73%. Equities analysts predict that FirstService will post 7.5161189 EPS for the current year.
FirstService Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were paid a $0.337 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, September 27th. FirstService's payout ratio is 55.56%.
Insider Buying and Selling at FirstService
In related news, Director Erin Joy Wallace sold 11,500 shares of FirstService stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of C$174.35, for a total transaction of C$2,004,993.95. 10.26% of the stock is currently owned by company insiders.
About FirstService
(
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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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