FirstService (NASDAQ:FSV) Cut to Hold at StockNews.com

FirstService (NASDAQ:FSV) (TSE:FSV) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Raymond James boosted their price target on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, FirstService presently has an average rating of “Moderate Buy” and an average target price of $201.67.

FirstService Stock Performance

FirstService stock opened at $166.05 on Thursday. 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 firm’s fifty day moving average price is $174.82 and its 200 day moving average price is $181.38. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 55.91 and a beta of 1.12. FirstService has a 12-month low of $141.26 and a 12-month high of $197.84.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Cerity Partners LLC raised its position in shares of FirstService by 12.6% during the 3rd quarter. Cerity Partners LLC now owns 2,330 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 261 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in FirstService during the third quarter valued at $342,000. Bank of Montreal Can raised its holdings in shares of FirstService by 19.7% during the third quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock worth $69,992,000 after purchasing an additional 63,807 shares during the period. FMR LLC lifted its position in shares of FirstService by 25.7% in the 3rd quarter. FMR LLC now owns 3,357 shares of the financial services provider’s stock worth $613,000 after buying an additional 686 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of FirstService by 7.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,218 shares of the financial services provider’s stock valued at $1,317,000 after buying an additional 501 shares during the period. Institutional investors and hedge funds 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.