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

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $198.33.

Several equities research analysts have issued reports on the stock. Scotiabank lifted their price target on shares of FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 15th. TD Securities upped their target price on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Stifel Nicolaus increased their price target on FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th.

Institutional Investors Weigh In On FirstService

Several hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new position in shares of FirstService in the fourth quarter valued at $29,000. Benjamin Edwards Inc. grew its stake in FirstService by 35.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock valued at $53,000 after buying an additional 91 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in FirstService in the 3rd quarter valued at about $53,000. Benjamin F. Edwards & Company Inc. lifted its position in FirstService by 49.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 138 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of FirstService during the third quarter worth approximately $66,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Stock Down 0.3 %

FSV stock opened at $177.49 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $8.03 billion, a P/E ratio of 73.95 and a beta of 1.06. FirstService has a fifty-two week low of $141.26 and a fifty-two week high of $197.84. The business has a 50-day moving average of $187.13 and a 200-day moving average of $178.44.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm posted $1.18 EPS. The business’s revenue was up 25.0% on a year-over-year basis. On average, sell-side analysts anticipate that FirstService will post 4.58 earnings per share for the current fiscal year.

FirstService Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. FirstService’s dividend payout ratio is currently 41.67%.

About FirstService

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.