FirstService Corporation (NASDAQ:FSV) Given Average Rating of “Moderate Buy” by Brokerages

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) has been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $211.6667.

A number of equities analysts recently weighed in on the stock. TD Securities reaffirmed a “buy” rating and issued a $217.00 target price on shares of FirstService in a research note on Thursday, February 5th. BMO Capital Markets reissued an “outperform” rating and set a $202.00 price target on shares of FirstService in a research report on Thursday, February 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of FirstService in a research report on Monday, December 22nd.

Institutional Investors Weigh In On FirstService

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPL Wealth Management LLC bought a new stake in FirstService during the third quarter worth about $26,000. Caitong International Asset Management Co. Ltd boosted its position in FirstService by 88.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock worth $27,000 after buying an additional 81 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of FirstService by 63.7% in the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 79 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of FirstService in the 4th quarter valued at about $34,000. Finally, Strs Ohio bought a new stake in FirstService in the first quarter valued at approximately $38,000. 69.35% of the stock is currently owned by institutional investors and hedge funds.

FirstService Stock Performance

Shares of FirstService stock opened at $157.57 on Friday. The stock’s fifty day simple moving average is $157.24 and its 200 day simple moving average is $170.11. The company has a current ratio of 1.73, a quick ratio of 1.77 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $7.20 billion, a PE ratio of 49.86, a PEG ratio of 4.23 and a beta of 1.06. FirstService has a 12 month low of $147.23 and a 12 month high of $209.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Wednesday, February 4th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. FirstService had a return on equity of 18.69% and a net margin of 2.64%.The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm earned $1.34 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. On average, research analysts predict that FirstService will post 5.27 EPS for the current year.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.305 per share. This is an increase from FirstService’s previous quarterly dividend of $0.28. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 31st. FirstService’s payout ratio is 34.81%.

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.