FirstService Co. (NASDAQ:FSV) Receives $206.33 Consensus Target Price from Brokerages

Shares of FirstService Co. (NASDAQ:FSV - Get Free Report) TSE: FSV have received an average rating of "Moderate Buy" from the six research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $206.33.

FSV has been the topic of several research analyst reports. Scotiabank reduced their target price on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 17th. Raymond James upped their price objective on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. TD Securities boosted their price target on shares of FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a research report on Wednesday, May 7th. Finally, StockNews.com downgraded FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. TCTC Holdings LLC increased its stake in FirstService by 155.2% in the first quarter. TCTC Holdings LLC now owns 171 shares of the financial services provider's stock worth $28,000 after purchasing an additional 104 shares during the period. Versant Capital Management Inc bought a new position in FirstService in the fourth quarter worth approximately $29,000. Trust Co. of Vermont purchased a new position in FirstService during the 4th quarter worth $46,000. Wilmington Savings Fund Society FSB bought a new stake in FirstService during the 3rd quarter valued at $53,000. Finally, Spire Wealth Management lifted its holdings in shares of FirstService by 52.1% in the 1st quarter. Spire Wealth Management now owns 543 shares of the financial services provider's stock worth $90,000 after buying an additional 186 shares during the period. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Price Performance

Shares of FirstService stock traded down $0.76 on Thursday, hitting $175.50. 10,281 shares of the company traded hands, compared to its average volume of 109,140. The company has a market cap of $7.98 billion, a P/E ratio of 59.09 and a beta of 1.04. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. FirstService has a 12-month low of $141.26 and a 12-month high of $197.84. The firm's 50-day simple moving average is $169.49 and its 200 day simple moving average is $178.48.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.84 by $0.08. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.28 billion. FirstService had a net margin of 2.58% and a return on equity of 17.15%. The business's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. Analysts expect that FirstService will post 5.27 earnings per share for the current fiscal year.

FirstService Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Monday, June 30th. FirstService's payout ratio is 38.06%.

About FirstService

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.