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

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $186.00.

FSV has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $187.00 price objective on shares of FirstService in a research note on Wednesday, February 7th. StockNews.com cut shares of FirstService from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Scotiabank initiated coverage on shares of FirstService in a research report on Thursday, April 11th. They set a “sector perform” rating and a $170.00 target price on the stock. BMO Capital Markets dropped their price objective on shares of FirstService from $196.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, Raymond James lifted their target price on FirstService from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, January 26th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. bought a new stake in FirstService during the 4th quarter worth approximately $39,000. Spire Wealth Management acquired a new position in FirstService during the 4th quarter worth approximately $40,000. Accent Capital Management LLC bought a new position in shares of FirstService during the 4th quarter worth approximately $40,000. Exchange Traded Concepts LLC raised its holdings in shares of FirstService by 126.6% in the third quarter. Exchange Traded Concepts LLC now owns 392 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 219 shares during the last quarter. Finally, Gulf International Bank UK Ltd lifted its position in shares of FirstService by 25.9% in the first quarter. Gulf International Bank UK Ltd now owns 365 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Down 0.8 %

Shares of NASDAQ:FSV opened at $149.54 on Friday. The company has a market capitalization of $6.72 billion, a PE ratio of 74.03 and a beta of 1.01. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.82 and a current ratio of 1.97. The company’s fifty day moving average is $159.93 and its 200-day moving average is $158.56. FirstService has a 52 week low of $134.77 and a 52 week high of $171.94.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. FirstService had a return on equity of 15.16% and a net margin of 2.02%. Equities research analysts predict that FirstService will post 4.38 earnings per share for the current fiscal year.

FirstService Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 29th were given a dividend of $0.25 per share. This is a positive change from FirstService’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, March 27th. FirstService’s payout ratio is presently 49.51%.

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.