FirstService (TSE:FSV) Stock Price Breaks Below Two Hundred Day Moving Average – What’s Next?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$193.66 and traded as low as C$182.67. FirstService shares last traded at C$183.12, with a volume of 95,354 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FSV. TD cut their price objective on FirstService from C$207.00 to C$195.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Raymond James Financial cut their price target on FirstService from C$215.00 to C$190.00 and set an “outperform” rating for the company in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$200.67.

FirstService Trading Up 0.7%

The company has a market capitalization of C$7.96 billion, a price-to-earnings ratio of 51.64, a price-to-earnings-growth ratio of 107.75 and a beta of 0.84. The company has a debt-to-equity ratio of 127.80, a quick ratio of 1.25 and a current ratio of 1.21. The firm has a fifty day moving average price of C$192.13 and a 200-day moving average price of C$193.60.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its quarterly earnings results on Thursday, July 23rd. The company reported C$2.49 earnings per share (EPS) for the quarter. The company had revenue of C$2.06 billion for the quarter. FirstService had a return on equity of 11.98% and a net margin of 2.90%. 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.