FirstService Corporation (FSV) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is moderately bullish: Eight of 12 brokerages rate FirstService a “buy,” while four recommend holding the stock. The average 12-month price target is $179.82.
• FirstService exceeded quarterly expectations, reporting EPS of $1.89 versus $1.84 expected and revenue of $1.51 billion, up 5.8% year over year.
• Institutional investors own 69.35% of the company, with several major investment firms increasing their positions. FirstService also pays a quarterly dividend of $0.305, equal to a 0.8% annualized yield.

Shares of FirstService Corporation (NASDAQ:FSV - Get Free Report) TSE: FSV have earned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $179.82.

FSV has been the subject of a number of research reports. Scotia lifted their target price on shares of FirstService from $170.00 to $175.00 and gave the company a "sector perform" rating in a research note on Friday, October 23rd. Canadian Imperial Bank of Commerce upped their price target on shares of FirstService from $170.00 to $178.00 and gave the stock an "outperform" rating in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $144.00 target price on shares of FirstService in a research note on Friday, July 24th. Stifel Nicolaus upped their target price on FirstService from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, October 23rd. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $179.00 price target on shares of FirstService in a research note on Friday, October 23rd.

Institutional Trading of FirstService

Institutional investors have recently added to or reduced their stakes in the business. Conestoga Capital Advisors LLC increased its holdings in shares of FirstService by 19.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,405,564 shares of the financial services provider's stock valued at $195,289,000 after acquiring an additional 233,043 shares during the last quarter. SEB Asset Management AB bought a new position in shares of FirstService in the 1st quarter valued at approximately $31,487,000. Janus Henderson Group PLC lifted its holdings in FirstService by 16.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,587,454 shares of the financial services provider's stock worth $220,560,000 after purchasing an additional 219,890 shares during the last quarter. Royal Bank of Canada lifted its holdings in FirstService by 15.7% in the 1st quarter. Royal Bank of Canada now owns 573,421 shares of the financial services provider's stock worth $79,672,000 after purchasing an additional 77,758 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its position in FirstService by 38.1% during the first quarter. Montrusco Bolton Investments Inc. now owns 263,488 shares of the financial services provider's stock worth $36,538,000 after purchasing an additional 72,665 shares during the period. 69.35% of the stock is currently owned by institutional investors and hedge funds.

FirstService Trading Up 4.0%

Shares of NASDAQ FSV opened at $144.50 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.63 and a debt-to-equity ratio of 1.66. FirstService has a one year low of $119.41 and a one year high of $166.73. The business has a 50-day moving average price of $135.69 and a two-hundred day moving average price of $142.45. The firm has a market capitalization of $6.31 billion, a PE ratio of 44.05, a PEG ratio of 2.62 and a beta of 0.95.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.05. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. FirstService had a net margin of 2.59% and a return on equity of 19.66%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. As a group, analysts predict that FirstService will post 5.62 earnings per share for the current fiscal year.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Wednesday, September 30th were issued a $0.3050 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.22 dividend on an annualized basis and a yield of 0.8%. FirstService's dividend payout ratio is currently 37.20%.

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.

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