FirstService Corporation (NASDAQ:FSV) Stock Rating Upgraded by TheStreet

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) was upgraded by TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Wednesday, July 26th.

FSV has been the topic of several other reports. Raymond James Financial, Inc. lifted their price target on shares of FirstService Corporation from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. BidaskClub downgraded shares of FirstService Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. BMO Capital Markets restated a “hold” rating and issued a $65.00 target price on shares of FirstService Corporation in a report on Thursday, April 27th. Royal Bank Of Canada raised their target price on shares of FirstService Corporation from $65.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, Citigroup Inc. restated a “market perform” rating and issued a $61.00 target price (up previously from $60.00) on shares of FirstService Corporation in a report on Thursday, April 13th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $67.00.

FirstService Corporation (FSV) traded down 0.05% during midday trading on Wednesday, reaching $63.97. 31,351 shares of the company’s stock were exchanged. The stock has a market cap of $2.30 billion, a PE ratio of 51.18 and a beta of 0.91. The firm has a 50 day moving average of $63.87 and a 200-day moving average of $59.61. FirstService Corporation has a 12 month low of $39.05 and a 12 month high of $67.41.

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. The firm had revenue of $434.90 million for the quarter, compared to the consensus estimate of $421.35 million. FirstService Corporation had a net margin of 2.84% and a return on equity of 24.64%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. On average, equities research analysts predict that FirstService Corporation will post $1.96 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of FSV. Blair William & Co. IL boosted its position in shares of FirstService Corporation by 0.3% in the second quarter. Blair William & Co. IL now owns 19,379 shares of the financial services provider’s stock valued at $1,240,000 after buying an additional 49 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of FirstService Corporation by 0.3% in the first quarter. Toronto Dominion Bank now owns 41,188 shares of the financial services provider’s stock valued at $2,490,000 after buying an additional 121 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in FirstService Corporation by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 4,860 shares of the financial services provider’s stock valued at $224,000 after buying an additional 195 shares during the period. Legal & General Group Plc boosted its stake in FirstService Corporation by 6.0% in the second quarter. Legal & General Group Plc now owns 3,487 shares of the financial services provider’s stock valued at $223,000 after buying an additional 198 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in FirstService Corporation by 17.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,202 shares of the financial services provider’s stock valued at $141,000 after buying an additional 324 shares during the period. Hedge funds and other institutional investors own 58.68% of the company’s stock.

FirstService Corporation Company Profile

Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.

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