FirstService Co. (NASDAQ:FSV) Given Average Rating of “Moderate Buy” by Analysts

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $189.33.

Several research firms recently issued reports on FSV. Scotiabank raised their target price on FirstService from $175.00 to $190.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. TD Securities boosted their target price on FirstService from $174.00 to $178.00 and gave the company a “hold” rating in a research note on Monday, July 29th. BMO Capital Markets raised their price target on FirstService from $193.00 to $196.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Finally, Royal Bank of Canada boosted their price objective on shares of FirstService from $187.00 to $192.00 and gave the company an “outperform” rating in a research report on Friday, July 26th.

FirstService Price Performance

Shares of FirstService stock opened at $179.31 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.84 and a quick ratio of 1.84. FirstService has a one year low of $134.77 and a one year high of $181.23. The business’s 50 day simple moving average is $167.93 and its two-hundred day simple moving average is $160.04. The stock has a market capitalization of $8.06 billion, a P/E ratio of 88.77 and a beta of 1.05.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.10. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $1.37 EPS. Analysts forecast that FirstService will post 4.31 EPS for the current year.

Institutional Trading of FirstService

A number of hedge funds have recently modified their holdings of the business. Kestra Private Wealth Services LLC purchased a new stake in shares of FirstService in the 4th quarter worth approximately $447,000. Natixis Advisors L.P. increased its holdings in shares of FirstService by 1.7% during the fourth quarter. Natixis Advisors L.P. now owns 23,281 shares of the financial services provider’s stock valued at $3,773,000 after acquiring an additional 384 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of FirstService in the 4th quarter worth about $39,000. AJOVista LLC bought a new position in FirstService in the 4th quarter worth about $1,604,000. Finally, National Bank of Canada FI grew its position in FirstService by 8.9% during the 4th quarter. National Bank of Canada FI now owns 321,985 shares of the financial services provider’s stock valued at $50,897,000 after purchasing an additional 26,297 shares during 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.