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

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

A number of brokerages have recently commented on FSV. Raymond James boosted their price objective 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 downgraded FirstService from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

FirstService Stock Performance

NASDAQ FSV opened at $168.01 on Wednesday. The company has a market cap of $7.64 billion, a P/E ratio of 56.57 and a beta of 1.12. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The stock has a 50-day moving average of $176.06 and a two-hundred day moving average of $181.89. FirstService has a 1-year low of $141.26 and a 1-year high of $197.84.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Monday, March 31st. This is a boost from FirstService’s previous quarterly dividend of $0.25. FirstService’s dividend payout ratio is 37.04%.

Institutional Investors Weigh In On FirstService

Several large 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 purchased a new position in FirstService during the fourth quarter worth about $46,000. Wilmington Savings Fund Society FSB purchased a new position in FirstService during the third quarter worth about $53,000. Natixis raised its holdings in shares of FirstService by 5,511.1% in the 4th quarter. Natixis now owns 505 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 496 shares during the period. Finally, State of Wyoming purchased a new position in shares of FirstService in the 4th quarter worth about $101,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.

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.