FirstService Co. (NASDAQ:FSV) Given Average Recommendation of “Moderate Buy” by Brokerages

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $201.67.

A number of brokerages recently commented on FSV. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus boosted their target price on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. TD Securities increased their price target on shares of FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Raymond James boosted their price objective on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Scotiabank increased 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.

FirstService Price Performance

FirstService stock opened at $185.88 on Tuesday. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 77.45 and a beta of 1.06. FirstService has a 12-month low of $141.26 and a 12-month high of $197.84. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13. The business’s 50-day simple moving average is $185.67 and its 200 day simple moving average is $181.11.

FirstService Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Tuesday, December 31st. FirstService’s dividend payout ratio is 41.67%.

Institutional Trading of FirstService

Several hedge funds and other institutional investors have recently modified their holdings of FSV. Versant Capital Management Inc acquired a new position in FirstService during the fourth quarter worth $29,000. Trust Co. of Vermont acquired a new position in shares of FirstService during the 4th quarter worth about $46,000. Wilmington Savings Fund Society FSB bought a new position in shares of FirstService in the 3rd quarter valued at about $53,000. Venturi Wealth Management LLC bought a new position in FirstService in the third quarter valued at approximately $66,000. Finally, Blue Trust Inc. raised its stake in shares of FirstService by 158.2% during the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 446 shares in the last quarter. 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.