FirstService (NASDAQ:FSV) Stock Rating Upgraded by Wall Street Zen

FirstService (NASDAQ:FSV) (TSE:FSV) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other research firms have also weighed in on FSV. BMO Capital Markets reissued an “outperform” rating and issued a $202.00 target price on shares of FirstService in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstService in a research note on Monday, December 22nd. Finally, TD Securities reissued a “buy” rating and issued a $217.00 price objective on shares of FirstService in a research note on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $211.67.

FirstService Price Performance

FSV stock opened at $148.81 on Friday. The firm has a 50 day moving average of $156.86 and a 200-day moving average of $168.24. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 47.09, a PEG ratio of 3.99 and a beta of 1.05. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.79. FirstService has a 12-month low of $146.29 and a 12-month high of $209.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. FirstService had a return on equity of 18.69% and a net margin of 2.64%.The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 EPS. As a group, equities analysts expect that FirstService will post 5.27 EPS for the current fiscal year.

Hedge Funds Weigh In On FirstService

Hedge funds have recently made changes to their positions in the stock. JPL Wealth Management LLC acquired a new stake in shares of FirstService during the 3rd quarter worth $26,000. Caitong International Asset Management Co. Ltd raised its position in shares of FirstService by 88.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock worth $27,000 after buying an additional 81 shares during the period. Kestra Advisory Services LLC acquired a new position in FirstService in the fourth quarter valued at $34,000. Geneos Wealth Management Inc. grew its position in FirstService by 63.7% during the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 79 shares during the period. Finally, Strs Ohio purchased a new stake in FirstService during the first quarter valued at about $38,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

About FirstService

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.