FirstService (TSE:FSV) Share Price Passes Below 200 Day Moving Average – Time to Sell?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$245.66 and traded as low as C$212.43. FirstService shares last traded at C$213.45, with a volume of 62,229 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FSV shares. TD Securities reduced their price target on FirstService from C$213.00 to C$211.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Scotiabank raised FirstService from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus target price of C$211.00.

FirstService Trading Up 0.1%

The firm’s 50 day moving average is C$215.66 and its 200 day moving average is C$245.66. The company has a debt-to-equity ratio of 136.54, a current ratio of 1.81 and a quick ratio of 1.25. The company has a market cap of C$9.72 billion, a PE ratio of 70.45, a PEG ratio of 107.75 and a beta of 0.96.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its quarterly earnings results on Thursday, October 23rd. The company reported C$1.76 EPS for the quarter. The firm had revenue of C$2.02 billion during the quarter. FirstService had a net margin of 2.19% and a return on equity of 10.05%. On average, equities analysts anticipate that FirstService Co. will post 7.5161189 earnings per share for the current year.

FirstService Company Profile

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.