FirstService (TSE:FSV) Sets New 12-Month Low – What’s Next?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price reached a new 52-week low on Thursday . The company traded as low as C$202.54 and last traded at C$205.76, with a volume of 79466 shares trading hands. The stock had previously closed at C$205.51.

Wall Street Analysts Forecast Growth

Separately, TD Securities lifted their target price on shares of FirstService from C$211.00 to C$217.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$217.00.

FirstService Stock Down 1.3%

The company has a debt-to-equity ratio of 100.79, a current ratio of 15.15 and a quick ratio of 1.25. The company has a market capitalization of C$9.30 billion, a P/E ratio of 63.83, a PEG ratio of 107.75 and a beta of 0.75. The company has a 50 day moving average of C$215.04 and a 200-day moving average of C$233.48.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings results on Wednesday, February 4th. The company reported C$1.88 EPS for the quarter. FirstService had a return on equity of 11.33% and a net margin of 2.65%.The business had revenue of C$1.82 billion during the quarter. As a group, equities analysts anticipate that FirstService Co. will post 7.5161189 EPS for the current year.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.