FirstService Co. (NASDAQ:FSV) Receives $201.67 Average PT from Analysts

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $201.67.

A number of brokerages have recently commented on FSV. Raymond James lifted their target price on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. StockNews.com downgraded shares of FirstService from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th.

Institutional Investors Weigh In On FirstService

A number of hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in shares of FirstService by 23.0% in the first quarter. Fifth Third Bancorp now owns 769 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 144 shares during the period. Avanza Fonder AB increased its holdings in FirstService by 100.0% during the 1st quarter. Avanza Fonder AB now owns 5,000 shares of the financial services provider’s stock valued at $830,000 after acquiring an additional 2,500 shares in the last quarter. Fenimore Asset Management Inc raised its position in FirstService by 0.6% during the first quarter. Fenimore Asset Management Inc now owns 100,577 shares of the financial services provider’s stock worth $16,691,000 after acquiring an additional 570 shares during the last quarter. NBC Securities Inc. raised its position in shares of FirstService by 108,033.3% during the 1st quarter. NBC Securities Inc. now owns 3,244 shares of the financial services provider’s stock worth $538,000 after purchasing an additional 3,241 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of FirstService by 716.4% in the first quarter. Versant Capital Management Inc now owns 1,298 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 1,139 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Trading Up 1.1 %

NASDAQ:FSV opened at $170.65 on Friday. The company has a market capitalization of $7.76 billion, a PE ratio of 57.46 and a beta of 1.04. FirstService has a 52-week low of $141.26 and a 52-week high of $197.84. The stock’s 50 day moving average price is $170.24 and its 200 day moving average price is $179.93. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were paid a $0.275 dividend. This is a boost from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 0.64%. The ex-dividend date was Monday, March 31st. FirstService’s payout ratio is currently 37.04%.

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.