FirstService Co. (NASDAQ:FSV) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $198.33.

A number of equities research analysts have recently weighed in on FSV shares. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. TD Securities raised their target price on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Stifel Nicolaus upped their price target on shares of FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 21st. Scotiabank raised their price target on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada upped their price objective on shares of FirstService from $187.00 to $192.00 and gave the company an “outperform” rating in a research note on Friday, July 26th.

Hedge Funds Weigh In On FirstService

A number of institutional investors and hedge funds have recently made changes to their positions in FSV. Benjamin Edwards Inc. boosted its stake in FirstService by 35.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 91 shares in the last quarter. HighTower Advisors LLC raised its position in FirstService by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider’s stock worth $533,000 after buying an additional 98 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of FirstService by 20.5% in the second quarter. Fifth Third Bancorp now owns 634 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 108 shares during the period. Raymond James Trust N.A. raised its holdings in shares of FirstService by 3.2% during the third quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 110 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in FirstService by 49.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 138 shares during the period. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Up 1.3 %

Shares of FSV opened at $188.44 on Thursday. The firm has a market cap of $8.50 billion, a P/E ratio of 78.52 and a beta of 1.05. FirstService has a 1 year low of $141.26 and a 1 year high of $192.71. The stock has a 50 day simple moving average of $184.38 and a two-hundred day simple moving average of $169.06. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.42 by $0.21. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.32 billion. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 EPS. On average, analysts forecast that FirstService will post 4.58 earnings per share for the current fiscal year.

FirstService Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, September 30th. FirstService’s payout ratio is 41.67%.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.