FirstService (NASDAQ:FSV) Hits New 12-Month High at $178.23

FirstService Co. (NASDAQ:FSV) (TSE:FSV)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $178.23 and last traded at $178.23, with a volume of 11218 shares. The stock had previously closed at $175.72.

Wall Street Analysts Forecast Growth

FSV has been the subject of a number of recent research reports. BMO Capital Markets lifted their target price on FirstService from $193.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Royal Bank of Canada increased their target price on shares of FirstService from $187.00 to $192.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Scotiabank upped their price target on shares of FirstService from $175.00 to $190.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Finally, TD Securities raised their price objective on shares of FirstService from $174.00 to $178.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $189.33.

FirstService Stock Down 1.0 %

The business has a fifty day moving average of $164.65 and a 200-day moving average of $159.44. The stock has a market cap of $7.99 billion, a PE ratio of 87.99 and a beta of 1.05. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.78 and a quick ratio of 2.00.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.26 by $0.10. FirstService had a return on equity of 15.60% and a net margin of 1.73%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $1.37 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts anticipate that FirstService Co. will post 4.32 earnings per share for the current year.

Hedge Funds Weigh In On FirstService

Large investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. bought a new position in shares of FirstService in the 4th quarter worth $39,000. Spire Wealth Management bought a new position in FirstService in the fourth quarter worth about $40,000. Accent Capital Management LLC bought a new position in FirstService in the fourth quarter worth about $40,000. Blue Trust Inc. increased its position in shares of FirstService by 8,066.7% during the second quarter. Blue Trust Inc. now owns 245 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 242 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in FirstService by 35.0% during 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 in the last quarter. Institutional investors 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.