BidaskClub upgraded shares of FirstService (NASDAQ:FSV) (TSE:FSV) from a hold rating to a buy rating in a report issued on Friday morning.

Several other equities research analysts have also recently commented on the company. BMO Capital Markets reissued a hold rating and set a $83.00 target price on shares of FirstService in a report on Wednesday, October 24th. Zacks Investment Research raised FirstService from a sell rating to a hold rating in a report on Monday, December 3rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $82.75.

FSV opened at $74.82 on Friday. The company has a market cap of $2.63 billion, a PE ratio of 36.86 and a beta of 0.76. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.41. FirstService has a twelve month low of $62.90 and a twelve month high of $90.21.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.01). The business had revenue of $506.36 million for the quarter, compared to the consensus estimate of $505.25 million. FirstService had a net margin of 3.71% and a return on equity of 36.30%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. As a group, analysts anticipate that FirstService will post 1.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 8th. Investors of record on Monday, December 31st will be issued a dividend of $0.135 per share. The ex-dividend date is Friday, December 28th. This represents a $0.54 annualized dividend and a yield of 0.72%. FirstService’s payout ratio is 26.60%.

A number of large investors have recently made changes to their positions in FSV. Tower Research Capital LLC TRC acquired a new position in FirstService in the third quarter worth approximately $101,000. Empirical Finance LLC acquired a new position in FirstService in the third quarter worth approximately $207,000. National Asset Management Inc. acquired a new position in FirstService in the third quarter worth approximately $231,000. Citadel Advisors LLC acquired a new position in FirstService in the third quarter worth approximately $251,000. Finally, Jane Street Group LLC acquired a new position in FirstService in the third quarter worth approximately $267,000. 67.40% of the stock is currently owned by hedge funds and other institutional investors.

FirstService Company Profile

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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