FirstService (NASDAQ:FSV) PT Raised to $215.00

FirstService (NASDAQ:FSV) (TSE:FSV) had its price objective boosted by analysts at Stifel Nicolaus from $200.00 to $215.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 17.29% from the company’s current price.

Several other brokerages have also recently commented on FSV. Scotiabank raised their target price on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 15th. Royal Bank of Canada raised 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. Finally, TD Securities raised their target price on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, FirstService has a consensus rating of “Moderate Buy” and a consensus price target of $198.33.

FirstService Trading Down 1.0 %

Shares of NASDAQ:FSV opened at $183.31 on Monday. FirstService has a 52-week low of $134.77 and a 52-week high of $189.89. The company has a market capitalization of $8.24 billion, a P/E ratio of 90.75 and a beta of 1.05. The company has a 50-day simple moving average of $179.90 and a 200 day simple moving average of $163.93. 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 (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.10. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. FirstService had a net margin of 1.73% and a return on equity of 15.60%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $1.37 earnings per share. Sell-side analysts forecast that FirstService will post 4.35 earnings per share for the current year.

Hedge Funds Weigh In On FirstService

A number of hedge funds have recently modified their holdings of the business. Private Advisor Group LLC acquired a new position in shares of FirstService during the third quarter worth $220,000. Signaturefd LLC lifted its holdings in FirstService by 30.1% in the third quarter. Signaturefd LLC now owns 1,268 shares of the financial services provider’s stock valued at $231,000 after buying an additional 293 shares during the period. Berry Wealth Group LP lifted its holdings in FirstService by 17.0% in the third quarter. Berry Wealth Group LP now owns 1,695 shares of the financial services provider’s stock valued at $309,000 after buying an additional 246 shares during the period. Raymond James & Associates lifted its holdings in FirstService by 4.9% in the third quarter. Raymond James & Associates now owns 148,864 shares of the financial services provider’s stock valued at $27,162,000 after buying an additional 6,995 shares during the period. Finally, Baskin Financial Services Inc. lifted its holdings in FirstService by 0.3% in the third quarter. Baskin Financial Services Inc. now owns 250,491 shares of the financial services provider’s stock valued at $45,737,000 after buying an additional 636 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

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.