FirstService Co. (NASDAQ:FSV) Given Consensus Rating of “Moderate Buy” by Analysts

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $198.33.

FSV has been the topic of a number of recent analyst reports. Scotiabank lifted their price target on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Tuesday, October 15th. TD Securities lifted their target price on FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price objective on shares of FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada increased their target price on shares of 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

Hedge funds have recently bought and sold shares of the business. Hardy Reed LLC purchased a new stake in FirstService in the 3rd quarter worth approximately $217,000. BNP Paribas Financial Markets increased its stake in shares of FirstService by 7.5% in the third quarter. BNP Paribas Financial Markets now owns 7,218 shares of the financial services provider’s stock worth $1,317,000 after acquiring an additional 501 shares during the last quarter. FMR LLC raised its holdings in shares of FirstService by 25.7% during the third quarter. FMR LLC now owns 3,357 shares of the financial services provider’s stock worth $613,000 after acquiring an additional 686 shares in the last quarter. Bank of Montreal Can boosted its position in FirstService by 19.7% during the third quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock valued at $69,992,000 after purchasing an additional 63,807 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in FirstService in the third quarter valued at about $342,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Price Performance

Shares of FSV opened at $187.09 on Thursday. FirstService has a 12 month low of $141.26 and a 12 month high of $192.71. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a fifty day moving average price of $183.61 and a 200 day moving average price of $167.75. The company has a market cap of $8.44 billion, a P/E ratio of 77.95 and a beta of 1.05.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.21. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 earnings per share. On average, research analysts forecast that FirstService will post 4.58 earnings per share for the current year.

FirstService Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were given a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 0.53%. FirstService’s dividend payout ratio (DPR) is 41.67%.

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.