FirstService (TSE:FSV) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of FirstService Co. (TSE:FSV) (NASDAQ:FSV) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$197.87 and traded as high as C$201.67. FirstService shares last traded at C$198.94, with a volume of 157,129 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on FSV shares. TD dropped their price objective on shares of FirstService from C$207.00 to C$195.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Raymond James Financial decreased their target price on shares of FirstService from C$215.00 to C$190.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, FirstService currently has a consensus rating of “Buy” and a consensus target price of C$200.67.

FirstService Trading Down 1.9%

The stock has a market cap of C$8.54 billion, a PE ratio of 55.37, a PEG ratio of 107.75 and a beta of 0.79. The company has a debt-to-equity ratio of 127.80, a quick ratio of 1.25 and a current ratio of 1.21. The stock has a fifty day moving average price of C$199.57 and a 200 day moving average price of C$197.74.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings results on Thursday, July 23rd. The company reported C$2.49 earnings per share for the quarter. The company had revenue of C$2.06 billion for the quarter. FirstService had a return on equity of 11.98% and a net margin of 2.90%. Equities analysts expect that FirstService Co. will post 7.5161189 EPS 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.