FirstService (TSE:FSV) Reaches New 52-Week Low – Should You Sell?

FirstService Co. (TSE:FSV) (NASDAQ:FSV) reached a new 52-week low during trading on Thursday . The company traded as low as C$204.63 and last traded at C$204.51, with a volume of 174405 shares trading hands. The stock had previously closed at C$213.50.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. TD Securities raised their price target on FirstService from C$211.00 to C$217.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Scotiabank raised FirstService from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, FirstService presently has an average rating of “Strong Buy” and an average price target of C$217.00.

FirstService Stock Up 3.0%

The company has a quick ratio of 1.25, a current ratio of 1.81 and a debt-to-equity ratio of 136.54. The stock has a market capitalization of C$9.63 billion, a PE ratio of 66.44, a PEG ratio of 107.75 and a beta of 0.78. The firm’s fifty day moving average is C$215.40 and its 200-day moving average is C$239.86.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its earnings results on Wednesday, February 4th. The company reported C$1.88 earnings per share (EPS) for the quarter. The company had revenue of C$1.90 billion for the quarter. FirstService had a return on equity of 10.05% and a net margin of 2.19%. On average, equities research analysts predict that FirstService Co. will post 7.5161189 earnings per share for the current year.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.