FirstService Co. (NASDAQ:FSV) Receives $186.00 Average Target Price from Analysts

Shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) have earned an average rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $186.00.

A number of equities research analysts recently commented on the stock. Raymond James raised their price objective on shares of FirstService from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Scotiabank assumed coverage on shares of FirstService in a report on Thursday, April 11th. They issued a “sector perform” rating and a $170.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $187.00 target price on shares of FirstService in a report on Wednesday, February 7th. TheStreet cut shares of FirstService from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Finally, BMO Capital Markets dropped their price objective on shares of FirstService from $196.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th.

Hedge Funds Weigh In On FirstService

A number of institutional investors have recently added to or reduced their stakes in FSV. Benjamin F. Edwards & Company Inc. acquired a new position in FirstService in the 4th quarter worth $39,000. Spire Wealth Management bought a new stake in shares of FirstService in the 4th quarter worth about $40,000. Accent Capital Management LLC bought a new stake in shares of FirstService in the 4th quarter worth about $40,000. Exchange Traded Concepts LLC increased its position in shares of FirstService by 126.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 392 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 219 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its position in shares of FirstService by 25.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 365 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Stock Performance

Shares of FSV stock opened at $147.00 on Friday. The stock’s 50-day moving average is $161.24 and its two-hundred day moving average is $158.52. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 72.77 and a beta of 0.97. FirstService has a 1 year low of $134.77 and a 1 year high of $171.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.82 and a current ratio of 1.97.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). FirstService had a return on equity of 15.16% and a net margin of 2.02%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Analysts predict that FirstService will post 4.6 earnings per share for the current year.

FirstService Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 29th were issued a dividend of $0.25 per share. This is a positive change from FirstService’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. FirstService’s payout ratio is presently 49.51%.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.