FirstService Corporation (NASDAQ:FSV) Stock Has Consensus Price Target of $179.82

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $179.82.

A number of equities analysts have commented on FSV shares. Scotia upped their target price on shares of FirstService from $170.00 to $175.00 and gave the stock a “sector perform” rating in a research note on Friday, October 23rd. Stifel Nicolaus lifted their price objective on shares of FirstService from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Weiss Ratings upgraded FirstService from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. Scotiabank reaffirmed an “outperform” rating on shares of FirstService in a report on Friday, October 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $190.00 price objective on shares of FirstService in a research report on Friday, October 23rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vise Technologies Inc. bought a new stake in shares of FirstService in the third quarter worth about $290,000. Crossmark Global Holdings Inc. raised its stake in shares of FirstService by 27.1% in the third quarter. Crossmark Global Holdings Inc. now owns 2,286 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 488 shares in the last quarter. Louisbourg Investments Inc. raised its position in FirstService by 5.7% in the 3rd quarter. Louisbourg Investments Inc. now owns 33,297 shares of the financial services provider’s stock valued at $4,276,000 after purchasing an additional 1,807 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in FirstService by 10.4% during the third quarter. TD Waterhouse Canada Inc. now owns 73,348 shares of the financial services provider’s stock worth $9,311,000 after purchasing an additional 6,911 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. grew its position in FirstService by 1,487.8% during the third quarter. ZWJ Investment Counsel Inc. now owns 44,475 shares of the financial services provider’s stock valued at $5,687,000 after acquiring an additional 41,674 shares during the period. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Stock Performance

Shares of NASDAQ:FSV opened at $144.98 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.52 and a quick ratio of 1.63. FirstService has a 1 year low of $119.41 and a 1 year high of $166.73. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 44.20, a price-to-earnings-growth ratio of 2.73 and a beta of 0.95. The company’s 50 day simple moving average is $135.72 and its 200 day simple moving average is $142.38.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Thursday, October 22nd. The financial services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.84 by $0.05. FirstService had a net margin of 2.59% and a return on equity of 19.66%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the firm earned $1.76 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, research analysts predict that FirstService will post 5.62 EPS for the current fiscal year.

FirstService Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 30th were given a $0.3050 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, September 30th. FirstService’s payout ratio is 37.20%.

FirstService Company Profile

FirstService Corporation is a Canadian provider of property management and property services serving customers primarily in the United States and Canada. The company operates through two main businesses: FirstService Residential and FirstService Brands.

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

FirstService Brands operates and supports a network of property-service businesses, including companies involved in property restoration, painting, flooring, window treatments, and other residential and commercial services.