Analysts Set FirstService Co. (NASDAQ:FSV) PT at $201.67

Shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $201.67.

FSV has been the topic of a number of recent research reports. Raymond James increased their price target on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research report on Wednesday.

FirstService Trading Up 0.3 %

Shares of FSV opened at $170.30 on Wednesday. The business’s 50-day moving average price is $175.68 and its 200-day moving average price is $181.66. FirstService has a twelve month low of $141.26 and a twelve month high of $197.84. The stock has a market cap of $7.74 billion, a PE ratio of 57.34 and a beta of 1.12. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09.

FirstService Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 31st will be given a dividend of $0.275 per share. This is a boost from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, March 31st. FirstService’s payout ratio is presently 37.04%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in FirstService by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 1,794,676 shares of the financial services provider’s stock worth $325,100,000 after acquiring an additional 23,103 shares during the last quarter. FIL Ltd increased its position in shares of FirstService by 12.0% during the 4th quarter. FIL Ltd now owns 1,057,284 shares of the financial services provider’s stock valued at $191,524,000 after purchasing an additional 113,592 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of FirstService by 53.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 656,097 shares of the financial services provider’s stock valued at $118,767,000 after purchasing an additional 229,889 shares during the last quarter. Franklin Resources Inc. increased its position in shares of FirstService by 18.5% during the 4th quarter. Franklin Resources Inc. now owns 556,050 shares of the financial services provider’s stock valued at $100,632,000 after purchasing an additional 86,909 shares during the last quarter. Finally, Norges Bank bought a new position in shares of FirstService during the 4th quarter valued at approximately $98,615,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

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.