FirstService Corp (FSV) Rating Lowered to Market Perform at William Blair
FirstService Corp (TSE:FSV) (NASDAQ:FSV) was downgraded by equities researchers at William Blair from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday.
Several other brokerages also recently weighed in on FSV. BMO Capital Markets reaffirmed a “market perform” rating and set a C$65.00 price target on shares of FirstService Corp in a research report on Tuesday, May 30th. Scotiabank increased their price target on FirstService Corp from C$85.00 to C$89.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. increased their price target on FirstService Corp to C$81.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$89.00 price target on shares of FirstService Corp in a research report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$81.75.
Shares of FirstService Corp (TSE:FSV) opened at 79.45 on Tuesday. The company has a 50 day moving average price of $82.42 and a 200 day moving average price of $78.31. FirstService Corp has a one year low of $52.28 and a one year high of $85.05. The company has a market cap of $2.86 billion and a price-to-earnings ratio of 63.56.
In other FirstService Corp news, insider Corporation Firstservice bought 409 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average cost of C$69.40 per share, for a total transaction of C$28,384.60. Insiders have bought a total of 5,711 shares of company stock worth $387,790 over the last 90 days.
About FirstService Corp
FirstService Corporation provides property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment manages private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.
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