FirstService Corporation (NASDAQ:FSV) Stock Has Average Price Target of $184.20

Shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $184.20.

A number of research firms have recently issued reports on FSV. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $175.00 price objective on shares of FirstService in a report on Friday, July 24th. TD increased their target price on shares of FirstService from $204.00 to $207.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Scotiabank set a $170.00 target price on shares of FirstService in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $144.00 price target on shares of FirstService in a research note on Friday, July 24th. Finally, Wall Street Zen cut shares of FirstService from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st.

FirstService Stock Down 1.5%

FSV stock opened at $126.87 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market capitalization of $5.54 billion, a P/E ratio of 35.94, a P/E/G ratio of 2.85 and a beta of 0.95. FirstService has a fifty-two week low of $119.41 and a fifty-two week high of $189.05. The business has a 50-day moving average of $137.60 and a 200-day moving average of $138.99.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.04. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. FirstService had a return on equity of 18.07% and a net margin of 2.88%.FirstService’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.71 EPS. On average, sell-side analysts anticipate that FirstService will post 5.61 earnings per share for the current fiscal year.

FirstService Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Wednesday, September 30th were given a $0.3050 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.0%. FirstService’s payout ratio is currently 34.56%.

Institutional Trading of FirstService

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC bought a new position in FirstService in the second quarter valued at approximately $220,000. Nykredit A S acquired a new position in shares of FirstService during the 2nd quarter worth approximately $1,585,000. Corient Private Wealth LP bought a new stake in shares of FirstService during the 2nd quarter worth approximately $885,000. TD Waterhouse Canada Inc. raised its stake in shares of FirstService by 13.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 66,437 shares of the financial services provider’s stock worth $9,519,000 after purchasing an additional 8,084 shares in the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. raised its stake in shares of FirstService by 35.8% during the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 19,967 shares of the financial services provider’s stock worth $2,843,000 after purchasing an additional 5,267 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

FirstService Company Profile

FirstService Corporation is a North American property services company headquartered in Toronto, Canada. The company provides services to residential and commercial properties through two primary business segments: FirstService Residential and FirstService Brands.

FirstService Residential provides property management and related services for condominium, cooperative, homeowners’ association and other residential communities. Its services include community administration, financial management, maintenance coordination, customer support and project management.