FirstService (TSE:FSV) Shares Cross Above 200-Day Moving Average – Should You Sell?

FirstService Co. (TSE:FSV) (NASDAQ:FSV) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$247.61 and traded as high as C$267.18. FirstService shares last traded at C$266.80, with a volume of 48,086 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their price objective on FirstService from C$182.00 to C$194.00 and gave the company a “hold” rating in a research report on Monday, October 28th.

FirstService Trading Up 1.8 %

The stock’s 50 day moving average is C$264.21 and its 200-day moving average is C$247.61. The company has a market cap of C$12.01 billion, a P/E ratio of 109.79, a PEG ratio of 107.75 and a beta of 0.96. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 105.28.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its earnings results on Thursday, October 24th. The company reported C$2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.82 by C$0.28. FirstService had a net margin of 1.73% and a return on equity of 9.46%. During the same period in the prior year, the firm earned $1.59 EPS. Research analysts anticipate that FirstService Co. will post 7.5161189 earnings per share for the current fiscal year.

Insider Transactions at FirstService

In related news, Director Joan Eloise Sproul sold 200 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$268.69, for a total value of C$53,738.00. Also, Senior Officer Douglas G. Cooke sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$262.70, for a total transaction of C$1,313,500.00. Insiders sold 14,225 shares of company stock worth $3,777,120 over the last three months. 10.26% of the stock is currently owned by company insiders.

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.