FirstService Corporation (NASDAQ:FSV) Receives $197.22 Average Target Price from Analysts

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $195.5556.

FSV has been the subject of several recent analyst reports. TD Cowen reissued a “buy” rating and set a $204.00 target price on shares of FirstService in a research note on Wednesday, June 3rd. TD upped their target price on shares of FirstService from $201.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Stifel Nicolaus lowered their target price on shares of FirstService from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Scotiabank lowered their target price on shares of FirstService from $190.00 to $175.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, TD Securities set a $204.00 price target on shares of FirstService in a research report on Friday, April 24th.

Institutional Trading of FirstService

Institutional investors have recently added to or reduced their stakes in the stock. JPL Wealth Management LLC acquired a new position in FirstService during the third quarter worth $26,000. Caitong International Asset Management Co. Ltd boosted its position in shares of FirstService by 88.0% during the fourth 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 valued at $35,000 after buying an additional 79 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of FirstService in the fourth quarter valued at $34,000. Finally, Strs Ohio purchased a new stake in shares of FirstService in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Price Performance

FirstService stock opened at $145.74 on Friday. FirstService has a 12-month low of $119.41 and a 12-month high of $209.66. The stock has a market cap of $6.70 billion, a P/E ratio of 41.17, a PEG ratio of 4.43 and a beta of 0.94. The company has a 50-day moving average price of $137.05 and a 200 day moving average price of $146.61. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.74.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. FirstService had a net margin of 2.92% and a return on equity of 17.91%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $0.92 EPS. FirstService’s revenue was up 5.3% on a year-over-year basis. Sell-side analysts anticipate that FirstService will post 5.54 earnings per share for the current year.

FirstService Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.8%. FirstService’s dividend payout ratio (DPR) is presently 34.46%.

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.