FirstService Corporation (NASDAQ:FSV) Given Consensus Rating of “Moderate Buy” by Analysts

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) has received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $211.8333.

A number of brokerages have issued reports on FSV. BMO Capital Markets set a $209.00 price target on shares of FirstService and gave the company an “outperform” rating in a research note on Friday, October 24th. Stifel Nicolaus cut their target price on FirstService from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. CIBC lowered their price target on FirstService from $225.00 to $216.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Zacks Research downgraded FirstService from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Scotiabank upgraded FirstService from a “sector perform” rating to a “sector outperform” rating and reduced their price objective for the stock from $220.00 to $205.00 in a research note on Friday, October 24th.

FirstService Trading Down 0.6%

FirstService stock opened at $154.28 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market cap of $7.05 billion, a PE ratio of 51.09, a price-to-earnings-growth ratio of 2.67 and a beta of 1.06. The stock has a 50-day moving average of $154.39 and a two-hundred day moving average of $176.91. FirstService has a one year low of $147.23 and a one year high of $209.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.76. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.47 billion. FirstService had a return on equity of 17.98% and a net margin of 2.53%.The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 earnings per share. On average, research analysts anticipate that FirstService will post 5.27 EPS for the current fiscal year.

FirstService Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.10 dividend on an annualized basis and a yield of 0.7%. FirstService’s dividend payout ratio (DPR) is currently 36.42%.

Institutional Trading of FirstService

A number of hedge funds and other institutional investors have recently made changes to their positions in FSV. JPL Wealth Management LLC acquired a new position in FirstService during the third quarter valued at $26,000. Geneos Wealth Management Inc. grew its position in FirstService by 63.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 79 shares during the period. Strs Ohio purchased a new position in shares of FirstService during the 1st quarter valued at about $38,000. EverSource Wealth Advisors LLC lifted its holdings in shares of FirstService by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the financial services provider’s stock valued at $64,000 after buying an additional 292 shares during the period. Finally, Spire Wealth Management lifted its holdings in shares of FirstService by 300.0% in the 3rd quarter. Spire Wealth Management now owns 400 shares of the financial services provider’s stock valued at $76,000 after buying an additional 300 shares during the period. 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.