FirstService (TSE:FSV) PT Raised to C$194.00 at TD Securities

FirstService (TSE:FSV) (NASDAQ:FSV) had its target price increased by TD Securities from C$182.00 to C$194.00 in a research report released on Monday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

FirstService Price Performance

Shares of TSE:FSV opened at C$261.46 on Monday. The company has a debt-to-equity ratio of 105.28, a quick ratio of 1.25 and a current ratio of 1.74. The firm has a fifty day moving average price of C$245.25 and a 200 day moving average price of C$223.74. FirstService has a fifty-two week low of C$191.35 and a fifty-two week high of C$267.26. The firm has a market cap of C$11.77 billion, a price-to-earnings ratio of 107.60, a P/E/G ratio of 107.75 and a beta of 0.96.

FirstService Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were given a dividend of $0.337 per share. The ex-dividend date was Friday, September 27th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 0.52%. FirstService’s dividend payout ratio is 55.56%.

Insider Buying and Selling

In related news, Director Erin Joy Wallace sold 11,500 shares of the company’s stock in a transaction on 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 owned by company insiders.

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.