TD Issues Positive Forecast for FirstService (TSE:FSV) Stock Price

FirstService (TSE:FSV) (NASDAQ:FSV) had its price target lifted by equities research analysts at TD from C$204.00 to C$207.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target would suggest a potential upside of 0.27% from the company’s previous close.

FirstService Trading Up 1.6%

Shares of TSE:FSV traded up C$3.31 during midday trading on Tuesday, hitting C$206.45. 22,282 shares of the stock traded hands, compared to its average volume of 132,052. The stock has a market capitalization of C$9.49 billion, a PE ratio of 58.15, a P/E/G ratio of 107.75 and a beta of 0.79. The business’s 50 day moving average is C$191.45 and its two-hundred day moving average is C$201.60. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 95.68. FirstService has a one year low of C$169.60 and a one year high of C$290.34.

FirstService (TSE:FSV) (NASDAQ:FSV) last posted its earnings results on Thursday, April 23rd. The company reported C$1.32 earnings per share (EPS) for the quarter. FirstService had a return on equity of 12.11% and a net margin of 2.93%.The company had revenue of C$1.83 billion for the quarter. As a group, research analysts forecast that FirstService will post 7.5161189 earnings per share for the current year.

Insider Activity

In other FirstService news, insider Firstservice Corporation purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average price of C$181.90 per share, with a total value of C$454,750.00. Following the completion of the purchase, the insider directly owned 16,872 shares of the company’s stock, valued at C$3,069,016.80. The trade was a 17.39% increase in their position. Insiders purchased 7,872 shares of company stock worth $1,431,216 over the last 90 days. 10.26% of the stock is currently owned by insiders.

About FirstService

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.