FirstService (TSE:FSV) Hits New 52-Week Low – Here’s Why

FirstService Co. (TSE:FSV) (NASDAQ:FSV) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$197.67 and last traded at C$197.23, with a volume of 105858 shares changing hands. The stock had previously closed at C$203.09.

Analysts Set New Price Targets

Separately, TD Securities raised their price objective on shares of FirstService from C$211.00 to C$217.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy” and an average price target of C$217.00.

FirstService Price Performance

The stock has a 50 day moving average of C$214.63 and a two-hundred day moving average of C$231.85. The company has a debt-to-equity ratio of 100.79, a quick ratio of 1.25 and a current ratio of 15.15. The firm has a market capitalization of C$9.07 billion, a P/E ratio of 62.22, a P/E/G ratio of 107.75 and a beta of 0.75.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its quarterly earnings results on Wednesday, February 4th. The company reported C$1.88 EPS for the quarter. FirstService had a return on equity of 11.33% and a net margin of 2.65%.The company had revenue of C$1.82 billion for the quarter. Sell-side analysts predict that FirstService Co. will post 7.5161189 earnings per share for the current fiscal year.

Insider Transactions at FirstService

In related news, Director D. Scott Patterson sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of C$214.00, for a total value of C$2,140,000.00. Following the transaction, the director directly owned 135,000 shares in the company, valued at approximately C$28,890,000. This trade represents a 6.90% decrease in their position. In the last quarter, insiders have sold 24,700 shares of company stock valued at $5,296,022. Company insiders own 10.26% of the company’s stock.

FirstService Company Profile

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.