BidaskClub upgraded shares of FirstService (NASDAQ:FSV) (TSE:FSV) from a sell rating to a hold rating in a report issued on Saturday, BidAskClub reports.

FSV has been the subject of several other research reports. TD Securities decreased their price target on shares of FirstService from $110.00 to $105.00 and set a hold rating for the company in a report on Friday, October 25th. Royal Bank of Canada reduced their target price on shares of FirstService from $110.00 to $106.00 and set a sector perform rating for the company in a research note on Thursday, October 24th. Zacks Investment Research raised shares of FirstService from a strong sell rating to a hold rating in a research note on Tuesday, December 24th. BMO Capital Markets upped their target price on shares of FirstService from $98.00 to $99.00 and gave the stock a market perform rating in a research note on Monday, December 16th. Finally, Raymond James reaffirmed a market perform rating and issued a $95.00 target price on shares of FirstService in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating, The company currently has a consensus rating of Hold and an average price target of $104.60.

Shares of FSV stock opened at $98.72 on Friday. FirstService has a 12-month low of $73.24 and a 12-month high of $111.08. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 54.84 and a beta of 0.80. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 4.13. The firm has a fifty day moving average of $94.12 and a 200-day moving average of $97.83.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.13. FirstService had a negative net margin of 10.98% and a positive return on equity of 26.02%. The company had revenue of $672.30 million during the quarter, compared to analyst estimates of $672.71 million. During the same quarter in the previous year, the business earned $0.89 EPS. The firm’s revenue was up 32.8% on a year-over-year basis. Research analysts expect that FirstService will post 1.88 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Monday, December 30th. FirstService’s payout ratio is presently 33.33%.

A number of hedge funds and other institutional investors have recently made changes to their positions in FSV. US Bancorp DE boosted its stake in FirstService by 13.7% in the 2nd quarter. US Bancorp DE now owns 2,197 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 265 shares during the period. Tower Research Capital LLC TRC boosted its stake in FirstService by 120.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,649 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 1,449 shares during the period. Atria Investments LLC acquired a new position in FirstService in the 2nd quarter worth $335,000. Citadel Advisors LLC boosted its stake in FirstService by 9.5% in the 2nd quarter. Citadel Advisors LLC now owns 3,698 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 320 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in FirstService by 8.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,259 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 325 shares during the period. 60.34% of the stock is owned by hedge funds and other institutional investors.

About FirstService

FirstService Corporation, together with its subsidiaries, provides residential 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 provides property management 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.

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Analyst Recommendations for FirstService (NASDAQ:FSV)

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