FirstService (TSE:FSV) Stock Rating Upgraded by Scotiabank

FirstService (TSE:FSV) (NASDAQ:FSV) was upgraded by analysts at Scotiabank from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Separately, TD Securities upped their price target on shares of FirstService from C$211.00 to C$214.00 and gave the stock a “hold” rating in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$214.00.

FirstService Price Performance

Shares of FSV opened at C$230.39 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.25 and a debt-to-equity ratio of 136.54. The company’s fifty day simple moving average is C$268.89 and its 200 day simple moving average is C$254.15. FirstService has a 1-year low of C$220.39 and a 1-year high of C$290.34. The company has a market cap of C$10.49 billion, a price-to-earnings ratio of 73.84, a PEG ratio of 107.75 and a beta of 0.92.

Insider Buying and Selling at FirstService

In other FirstService news, Director Erin Joy Wallace sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$275.74, for a total transaction of C$827,214.00. Following the completion of the sale, the director owned 10,000 shares of the company’s stock, valued at C$2,757,380. This trade represents a 23.08% decrease in their position. Also, Senior Officer Jeremy Alan Rakusin sold 2,800 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of C$273.24, for a total value of C$765,072.00. Company insiders own 10.26% of the company’s stock.

About FirstService

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.