FirstService (NASDAQ:FSV) Given New $175.00 Price Target at Scotia

Key Points

• Scotia raised FirstService’s price target to $175 from $170 while maintaining a “sector perform” rating, implying 22.09% upside from the prior close.
• Analyst sentiment remains favorable overall, with eight Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average target of $179.82.
• FirstService exceeded quarterly expectations with EPS of $1.89 versus $1.84 expected and revenue of $1.51 billion, though the stock fell 2.6% to $143.34 during Friday trading.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV had its price target hoisted by analysts at Scotia from $170.00 to $175.00 in a research note issued on Friday, BayStreet reports. The brokerage currently has a "sector perform" rating on the financial services provider's stock. Scotia's price target would suggest a potential upside of 22.09% from the company's previous close.

Several other equities analysts have also weighed in on FSV. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $144.00 price objective on shares of FirstService in a research note on Friday, July 24th. Scotiabank restated an "outperform" rating on shares of FirstService in a report on Friday. Raymond James Financial restated an "outperform" rating and issued a $190.00 price target on shares of FirstService in a report on Friday. BMO Capital Markets reaffirmed an "outperform" rating and set a $179.00 price target on shares of FirstService in a research report on Friday. Finally, Canadian Imperial Bank of Commerce reiterated an "outperform" rating and set a $178.00 price objective on shares of FirstService in a research note on Friday. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $179.82.

FirstService Trading Down 2.6%

FirstService stock traded down $3.88 during midday trading on Friday, reaching $143.34. The stock had a trading volume of 122,853 shares, compared to its average volume of 209,867. FirstService has a twelve month low of $119.41 and a twelve month high of $171.88. The stock has a market capitalization of $6.26 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 3.02 and a beta of 0.95. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.63 and a current ratio of 1.63. The stock's 50-day simple moving average is $135.69 and its 200 day simple moving average is $138.74.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.84 by $0.05. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. FirstService had a return on equity of 18.07% and a net margin of 2.88%. The firm's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.76 earnings per share. Analysts expect that FirstService will post 5.61 EPS for the current year.

Institutional Investors Weigh In On FirstService

Institutional investors and hedge funds have recently modified their holdings of the stock. Crossmark Global Holdings Inc. grew its stake in shares of FirstService by 27.1% in the third quarter. Crossmark Global Holdings Inc. now owns 2,286 shares of the financial services provider's stock valued at $292,000 after buying an additional 488 shares in the last quarter. Louisbourg Investments Inc. lifted its position in FirstService by 5.7% during the 3rd quarter. Louisbourg Investments Inc. now owns 33,297 shares of the financial services provider's stock worth $4,276,000 after acquiring an additional 1,807 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in FirstService by 10.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 73,348 shares of the financial services provider's stock worth $9,311,000 after acquiring an additional 6,911 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in FirstService by 1,487.8% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 44,475 shares of the financial services provider's stock worth $5,687,000 after acquiring an additional 41,674 shares during the period. Finally, Copeland Capital Management LLC boosted its holdings in FirstService by 11.9% in the 3rd quarter. Copeland Capital Management LLC now owns 389,749 shares of the financial services provider's stock worth $49,841,000 after acquiring an additional 41,333 shares during the period. Hedge funds and other institutional investors own 69.35% of the company's stock.

FirstService News Summary

Here are the key news stories impacting FirstService this week:

• Positive Sentiment: Scotiabank raised its price target to $175 from $170 and maintained a “sector outperform” rating, implying substantial upside from recent trading levels. Scotiabank FirstService rating
• Positive Sentiment: Third-quarter revenue increased 5.8% year over year to $1.53 billion, while adjusted EBITDA rose to $169.7 million from $164.8 million. Adjusted EPS of $1.89 exceeded the $1.84 consensus estimate and increased from $1.76 a year earlier. FirstService third-quarter 2026 results
• Neutral Sentiment: Management described balanced top-line growth across FirstService’s property management and property services divisions, but the earnings call highlighted a drag from roofing-related operations. A Jacksonville office relocation is intended to improve collaboration but is unlikely to materially affect near-term financial results. FirstService Q3 earnings call highlights
• Negative Sentiment: GAAP operating earnings fell 7.1% to $107.4 million, while GAAP diluted EPS declined to $0.99 from $1.24. Net income and operating cash flow also weakened, reinforcing concerns about margin compression even though adjusted earnings improved. FirstService Q3 results and margin pressure
• Negative Sentiment: Some commentary suggests FirstService’s valuation already reflects much of its expected growth, with the stock trading at a relatively elevated earnings multiple. That may limit gains unless profitability improves. FirstService valuation analysis

About FirstService

FirstService Corporation is a Canadian provider of property management and property services serving customers primarily in the United States and Canada. The company operates through two main businesses: FirstService Residential and FirstService Brands.

FirstService Residential provides property management services for condominium and homeowners' associations, cooperatives, and other residential communities. Its services include community administration, financial management, maintenance coordination, customer support, and related operational services.

FirstService Brands operates and supports a network of property-service businesses, including companies involved in property restoration, painting, flooring, window treatments, and other residential and commercial services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.