FirstService (NASDAQ:FSV) Given New $200.00 Price Target at Stifel Nicolaus

FirstService (NASDAQ:FSV) (TSE:FSV) had its price objective reduced by stock analysts at Stifel Nicolaus from $215.00 to $200.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 36.59% from the stock’s current price.

Several other brokerages also recently weighed in on FSV. TD upped their target price on FirstService from $201.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of FirstService in a research report on Friday, March 27th. Wall Street Zen cut FirstService from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. TD Cowen dropped their target price on FirstService from $217.00 to $201.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $202.00 target price on shares of FirstService in a report on Thursday, February 5th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, FirstService presently has an average rating of “Moderate Buy” and a consensus price target of $204.00.

FirstService Stock Performance

Shares of FirstService stock traded up $0.05 on Monday, reaching $146.43. 86,096 shares of the stock were exchanged, compared to its average volume of 207,069. The company has a quick ratio of 1.73, a current ratio of 1.62 and a debt-to-equity ratio of 0.55. FirstService has a twelve month low of $133.42 and a twelve month high of $209.66. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 3.93 and a beta of 1.09. The business has a 50 day moving average price of $146.56 and a two-hundred day moving average price of $154.85.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. FirstService had a return on equity of 16.45% and a net margin of 2.92%.The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company posted $0.92 earnings per share. FirstService’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts anticipate that FirstService will post 5.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FirstService

A number of hedge funds have recently bought and sold shares of FSV. JPL Wealth Management LLC acquired a new stake in FirstService in the 3rd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd lifted its stake in FirstService by 88.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 81 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in FirstService in the fourth quarter valued at 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 acquired a new position in FirstService in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

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.