Brokerages Set FirstService Co. (NASDAQ:FSV) Price Target at $201.67

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $201.67.

Separately, Raymond James increased their price target on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th.

FirstService Stock Performance

Shares of NASDAQ FSV opened at $173.35 on Friday. The stock has a 50 day moving average price of $179.67 and a 200 day moving average price of $182.26. FirstService has a 52 week low of $141.26 and a 52 week high of $197.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. The stock has a market capitalization of $7.85 billion, a PE ratio of 58.37 and a beta of 1.06.

FirstService Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, March 31st will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.63%. This is a boost from FirstService’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 31st. FirstService’s dividend payout ratio (DPR) is presently 37.04%.

Institutional Trading of FirstService

A number of hedge funds have recently made changes to their positions in FSV. Norges Bank acquired a new stake in shares of FirstService in the fourth quarter valued at approximately $98,615,000. Franklin Resources Inc. increased its stake in shares of FirstService by 486.3% during the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock worth $87,308,000 after purchasing an additional 389,129 shares during the period. Raymond James Financial Inc. bought a new position in shares of FirstService during the fourth quarter worth approximately $48,541,000. Price T Rowe Associates Inc. MD increased its stake in shares of FirstService by 53.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 656,097 shares of the financial services provider’s stock worth $118,767,000 after purchasing an additional 229,889 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of FirstService by 57.4% during the fourth quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider’s stock worth $83,138,000 after purchasing an additional 166,996 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.

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.