FirstService (NASDAQ:FSV) Rating Increased to Buy at StockNews.com

FirstService (NASDAQ:FSV) (TSE:FSV) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Separately, Raymond James upped their price objective on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, FirstService currently has an average rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService Stock Performance

NASDAQ FSV traded up $2.45 on Wednesday, hitting $170.46. 161,530 shares of the stock were exchanged, compared to its average volume of 93,305. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The business’s fifty day moving average is $175.92 and its 200 day moving average is $181.81. FirstService has a 52 week low of $141.26 and a 52 week high of $197.84. The company has a market capitalization of $7.75 billion, a PE ratio of 57.39 and a beta of 1.12.

Institutional Investors Weigh In On FirstService

Large investors have recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in shares of FirstService by 486.3% in the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock worth $87,308,000 after acquiring an additional 389,129 shares during the last quarter. Bank of Montreal Can raised its holdings in FirstService by 19.7% in the 3rd quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock valued at $69,992,000 after buying an additional 63,807 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in FirstService by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider’s stock valued at $36,634,000 after buying an additional 10,191 shares during the last quarter. CIBC Asset Management Inc raised its holdings in FirstService by 57.4% in the 4th quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider’s stock valued at $83,138,000 after buying an additional 166,996 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in FirstService by 253.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 19,351 shares of the financial services provider’s stock valued at $3,503,000 after buying an additional 13,876 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

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.