FirstService Co. (NASDAQ:FSV) Receives Average Rating of “Moderate Buy” from Analysts

Shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $201.67.

Several research analysts recently commented on the company. Raymond James raised their target price on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new position in FirstService during the fourth quarter worth $29,000. Trust Co. of Vermont acquired a new stake in shares of FirstService in the fourth quarter valued at $46,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of FirstService in the third quarter valued at $53,000. Venturi Wealth Management LLC acquired a new stake in shares of FirstService in the third quarter valued at $66,000. Finally, Natixis increased its stake in shares of FirstService by 5,511.1% in the fourth quarter. Natixis now owns 505 shares of the financial services provider’s stock valued at $91,000 after buying an additional 496 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

FirstService Stock Down 0.1 %

Shares of FSV stock opened at $174.62 on Friday. The stock has a market cap of $7.91 billion, a P/E ratio of 58.79 and a beta of 1.06. FirstService has a one year low of $141.26 and a one year high of $197.84. The stock has a fifty day moving average price of $179.94 and a 200 day moving average price of $182.05. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79.

FirstService Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.275 per share. This is a positive change from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 0.63%. The ex-dividend date is Monday, March 31st. FirstService’s dividend payout ratio is currently 33.67%.

About FirstService

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.