FirstService (NASDAQ:FSV) Reaches New 12-Month High at $182.95

FirstService Co. (NASDAQ:FSV) (TSE:FSV) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $182.95 and last traded at $182.51, with a volume of 8878 shares changing hands. The stock had previously closed at $182.67.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FSV shares. Royal Bank of Canada upped their target price on shares of FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Scotiabank raised their price objective on shares of FirstService from $175.00 to $190.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. TD Securities boosted their target price on FirstService from $178.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets increased their price target on FirstService from $193.00 to $196.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.50.

FirstService Trading Down 0.0 %

The business has a 50-day moving average price of $174.19 and a two-hundred day moving average price of $161.37. The company has a market cap of $8.21 billion, a P/E ratio of 90.42 and a beta of 1.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.23.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.10. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. FirstService had a net margin of 1.73% and a return on equity of 15.60%. FirstService’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 earnings per share. On average, analysts predict that FirstService Co. will post 4.32 EPS for the current year.

FirstService Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, September 27th. FirstService’s payout ratio is presently 49.50%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Accent Capital Management LLC acquired a new position in shares of FirstService in the fourth quarter valued at approximately $40,000. Blue Trust Inc. boosted its stake in FirstService by 8,066.7% in the 2nd quarter. Blue Trust Inc. now owns 245 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 242 shares during the period. Benjamin Edwards Inc. increased its holdings in FirstService by 35.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 91 shares in the last quarter. Gulf International Bank UK Ltd lifted its holdings in shares of FirstService by 25.9% in the first quarter. Gulf International Bank UK Ltd now owns 365 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 75 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of FirstService by 49.6% during the second 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. 69.35% of the stock is currently owned by institutional investors.

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.