Analysts Set FirstService Co. (NASDAQ:FSV) Price Target at $189.33

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities 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 brokers that have issued ratings on the stock in the last year is $189.33.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new position in FirstService during the fourth quarter valued at approximately $39,000. Spire Wealth Management purchased a new position in FirstService during the fourth quarter valued at approximately $40,000. Accent Capital Management LLC purchased a new position in FirstService during the fourth quarter valued at approximately $40,000. Blue Trust Inc. grew its position in FirstService by 8,066.7% during the second quarter. Blue Trust Inc. now owns 245 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 242 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its position in FirstService by 35.0% during the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 91 shares in the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Trading Down 0.9 %

FirstService stock opened at $167.97 on Tuesday. The firm’s 50-day moving average is $159.59 and its 200-day moving average is $158.96. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.00 and a current ratio of 1.78. FirstService has a 1 year low of $134.77 and a 1 year high of $177.46. The company has a market cap of $7.55 billion, a P/E ratio of 83.15 and a beta of 1.05.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.10. FirstService had a net margin of 1.73% and a return on equity of 15.60%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company earned $1.37 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities analysts expect that FirstService will post 4.32 earnings per share for the current year.

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.