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

FirstService (NASDAQ:FSV) (TSE:FSV) had its target price lifted by TD Securities from $197.00 to $198.00 in a report issued on Tuesday morning,BayStreet.CA reports. They currently have a hold rating on the financial services provider’s stock.

Several other research analysts have also weighed in on FSV. Raymond James boosted their price target on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. StockNews.com cut shares of FirstService from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Scotiabank lowered their price objective on shares of FirstService from $217.50 to $210.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $206.00.

FirstService Price Performance

Shares of NASDAQ FSV opened at $172.04 on Tuesday. FirstService has a fifty-two week low of $141.26 and a fifty-two week high of $197.84. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 57.93 and a beta of 1.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The business has a 50-day moving average of $169.98 and a 200-day moving average of $179.64.

FirstService Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were given a $0.275 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 0.64%. FirstService’s dividend payout ratio is presently 37.04%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of FirstService by 1.3% during the fourth 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 period. FIL Ltd boosted its stake in FirstService by 12.0% in 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 period. Price T Rowe Associates Inc. MD grew its holdings in FirstService by 53.9% in 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 buying an additional 229,889 shares in the last quarter. Franklin Resources Inc. increased its position in FirstService by 18.5% during the 4th quarter. Franklin Resources Inc. now owns 556,050 shares of the financial services provider’s stock worth $100,632,000 after buying an additional 86,909 shares during the period. Finally, Norges Bank acquired a new stake in shares of FirstService during the fourth quarter worth $98,615,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

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.