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

Key Points

• Scotiabank raised FirstService’s price target to $175 from $170 while maintaining a “sector outperform” rating, implying 18.87% upside. Analysts overall rate the stock “Moderate Buy,” with an average target of $184.20.
• FirstService exceeded quarterly expectations, reporting $1.89 in EPS versus $1.84 expected and $1.51 billion in revenue versus $1.48 billion estimated. Revenue increased 5.8% year over year.
• Shares opened at $147.22, while the stock trades at a P/E ratio above 40, signaling a relatively high valuation. Institutional investors own approximately 69.35% of the company.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV had its price target increased by research analysts at Scotiabank from $170.00 to $175.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a "sector outperform" rating on the financial services provider's stock. Scotiabank's price objective would suggest a potential upside of 18.87% from the stock's current price.

Other research analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of FirstService from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. TD Securities restated a "buy" rating and issued a $195.00 price target on shares of FirstService in a research report on Friday, July 24th. Canadian Imperial Bank of Commerce set a $170.00 price objective on shares of FirstService in a research note on Thursday, October 15th. Raymond James Financial reaffirmed an "outperform" rating on shares of FirstService in a research note on Friday. Finally, BMO Capital Markets cut their target price on shares of FirstService from $199.00 to $192.00 and set an "outperform" rating on the stock in a research note on Friday, July 24th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $184.20.

FirstService Trading Up 7.8%

Shares of FSV opened at $147.22 on Friday. The business's 50-day moving average price is $135.69 and its 200 day moving average price is $138.74. The stock has a market capitalization of $6.43 billion, a P/E ratio of 41.71, a P/E/G ratio of 3.02 and a beta of 0.95. FirstService has a 1-year low of $119.41 and a 1-year high of $189.05. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.03.

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

Institutional Trading of FirstService

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

More FirstService News

Here are the key news stories impacting FirstService this week:

• Positive Sentiment: Third-quarter revenue rose 5.8% year over year to $1.53 billion, exceeding the approximately $1.48 billion analyst expectation. Adjusted EPS increased to $1.89 from $1.76 a year earlier, while adjusted EBITDA rose to $169.7 million. FirstService Reports Third Quarter 2026 Results
• Positive Sentiment: Management described growth across both major divisions, supporting the view that FirstService’s property-management and related operations continue to expand despite uneven market conditions. The earnings release also highlighted balanced top-line growth. FirstService Q3 Call Balances Growth With Roofing Drag
• Neutral Sentiment: The earnings call indicated that roofing-related weakness remains a drag on results, partially offsetting growth elsewhere. Investors are likely focused on whether operational improvements can overcome this pressure in coming quarters. FirstService Q3 2026 Earnings Call Transcript
• Negative Sentiment: GAAP operating earnings declined 7.1% to $107.4 million, while GAAP diluted EPS fell to $0.99 from $1.24. Net income attributable to common shareholders also declined, signaling margin and profitability pressure beneath the revenue growth. FirstService Corporation Stock Rises on Q3 2026 Earnings
• Negative Sentiment: Valuation remains a concern: commentary suggested the stock may be fully priced following its longer-term decline, while its reported P/E ratio is above 40. That could limit further upside unless earnings growth accelerates. FirstService Stock Looks Fully Priced

FirstService Company Profile

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.