Brokerages Set FirstService Corporation (NASDAQ:FSV) Price Target at $211.67

Shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $211.6667.

A number of analysts recently weighed in on FSV shares. TD Securities restated a “buy” rating and set a $217.00 target price on shares of FirstService in a research note on Thursday, February 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FirstService in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of FirstService from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $202.00 price objective on shares of FirstService in a research report on Thursday, February 5th.

Institutional Trading of FirstService

Institutional investors have recently bought and sold shares of the business. JPL Wealth Management LLC purchased a new position in shares of FirstService in the 3rd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd raised its position in shares of FirstService by 88.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 81 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in FirstService during the fourth quarter worth approximately $34,000. Geneos Wealth Management Inc. boosted its holdings in FirstService by 63.7% in the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. Finally, Strs Ohio purchased a new position in FirstService in the first quarter valued at approximately $38,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Trading Down 2.8%

FSV opened at $134.25 on Thursday. The business has a fifty day moving average price of $154.33 and a 200 day moving average price of $164.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.73 and a quick ratio of 1.73. FirstService has a 12 month low of $133.42 and a 12 month high of $209.66. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 3.60 and a beta of 1.05.

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

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.305 per share. The ex-dividend date is Tuesday, March 31st. This is an increase from FirstService’s previous quarterly dividend of $0.28. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.9%. FirstService’s payout ratio is presently 34.81%.

FirstService Company Profile

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.