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

Shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $195.8889.

FSV has been the topic of a number of recent analyst reports. TD Securities set a $204.00 price target on FirstService in a report on Friday, April 24th. Loop Capital assumed coverage on FirstService in a research note on Monday, May 4th. They issued a “hold” rating and a $140.00 price objective for the company. TD increased their target price on FirstService from $204.00 to $207.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wall Street Zen raised FirstService from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Scotiabank lowered their price target on FirstService from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th.

Hedge Funds Weigh In On FirstService

Hedge funds have recently modified their holdings of the stock. PensionDanmark Pensionsforsikringsaktieselskab grew its stake in FirstService by 39.4% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 21,200 shares of the financial services provider’s stock valued at $3,014,000 after acquiring an additional 5,990 shares in the last quarter. Hilltop National Bank lifted its stake in FirstService by 4.1% in the 2nd quarter. Hilltop National Bank now owns 2,055 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 81 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of FirstService by 32.8% during the 1st quarter. Glenmede Trust Co. NA now owns 5,585 shares of the financial services provider’s stock valued at $776,000 after purchasing an additional 1,378 shares during the last quarter. Summitry LLC boosted its holdings in shares of FirstService by 44.9% during the 1st quarter. Summitry LLC now owns 2,670 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 827 shares during the last quarter. Finally, Argent Capital Management LLC grew its position in shares of FirstService by 52.0% during the first quarter. Argent Capital Management LLC now owns 50,787 shares of the financial services provider’s stock valued at $7,056,000 after purchasing an additional 17,377 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

FirstService Price Performance

Shares of NASDAQ:FSV opened at $143.31 on Wednesday. The company has a market capitalization of $6.59 billion, a P/E ratio of 40.48, a P/E/G ratio of 4.44 and a beta of 0.94. FirstService has a 1-year low of $119.41 and a 1-year high of $209.66. The firm’s 50 day simple moving average is $139.04 and its two-hundred day simple moving average is $145.69. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.66 and a quick ratio of 1.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. FirstService had a net margin of 2.92% and a return on equity of 17.91%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 earnings per share. Research analysts expect that FirstService will post 5.57 EPS for the current fiscal year.

FirstService Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.305 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.22 annualized dividend and a dividend yield of 0.9%. FirstService’s dividend payout ratio (DPR) is presently 34.46%.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.