FirstService Co. (NASDAQ:FSV) Receives $191.67 Consensus Target Price from Analysts

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $198.33.

FSV has been the topic of several recent research reports. Scotiabank increased their price objective on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 15th. TD Securities increased their price objective on FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Stifel Nicolaus increased their price objective on FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada increased their price objective on FirstService from $187.00 to $192.00 and gave the company an “outperform” rating in a research report on Friday, July 26th.

Institutional Investors Weigh In On FirstService

Several institutional investors have recently bought and sold shares of the stock. Gulf International Bank UK Ltd lifted its holdings in FirstService by 25.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 365 shares of the financial services provider’s stock worth $60,000 after buying an additional 75 shares during the period. Benjamin Edwards Inc. lifted its holdings in FirstService by 35.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock worth $53,000 after buying an additional 91 shares during the period. Fifth Third Bancorp lifted its holdings in FirstService by 20.5% in the 2nd quarter. Fifth Third Bancorp now owns 634 shares of the financial services provider’s stock worth $97,000 after buying an additional 108 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in FirstService by 49.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock worth $63,000 after buying an additional 138 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in FirstService by 40.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider’s stock worth $74,000 after buying an additional 141 shares during the period. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

FirstService Price Performance

Shares of NASDAQ FSV opened at $189.65 on Friday. The stock has a fifty day moving average of $180.55 and a 200-day moving average of $164.25. The stock has a market cap of $8.53 billion, a PE ratio of 93.89 and a beta of 1.05. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.84 and a current ratio of 1.84. FirstService has a fifty-two week low of $134.77 and a fifty-two week high of $192.03.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Thursday, July 25th. The financial services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.10. FirstService had a return on equity of 15.60% and a net margin of 1.73%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm earned $1.37 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that FirstService will post 4.35 earnings per share for the current year.

FirstService Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 30th. FirstService’s dividend payout ratio is presently 49.50%.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.