Brokerages Set FirstService Co. (NASDAQ:FSV) Target Price at $206.33

Shares of FirstService Co. (NASDAQ:FSV - Get Free Report) TSE: FSV have been assigned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $206.33.

A number of research analysts recently issued reports on the company. TD Securities lifted their target price on FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a report on Wednesday, May 7th. Wall Street Zen cut FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Scotiabank lowered their price objective on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th.

FirstService Stock Performance

NASDAQ FSV traded up $0.17 during trading hours on Monday, hitting $176.40. The company had a trading volume of 102,815 shares, compared to its average volume of 108,450. FirstService has a fifty-two week low of $147.23 and a fifty-two week high of $197.84. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $171.87 and a 200-day simple moving average of $177.08. The firm has a market cap of $8.02 billion, a P/E ratio of 59.39 and a beta of 1.04.

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

FirstService Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 30th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.10 annualized dividend and a dividend yield of 0.62%. FirstService's payout ratio is 38.06%.

Institutional Trading of FirstService

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock worth $133,000 after purchasing an additional 446 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of FirstService by 77.6% during the 4th quarter. DAVENPORT & Co LLC now owns 5,074 shares of the financial services provider's stock worth $918,000 after buying an additional 2,217 shares during the period. Berry Wealth Group LP increased its stake in shares of FirstService by 5.4% in the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock worth $323,000 after purchasing an additional 91 shares during the period. Jennison Associates LLC boosted its stake in FirstService by 686.9% during the 4th quarter. Jennison Associates LLC now owns 37,702 shares of the financial services provider's stock valued at $6,827,000 after purchasing an additional 32,911 shares during the period. Finally, Sargent Investment Group LLC grew its stake in shares of FirstService by 11.3% in the fourth quarter. Sargent Investment Group LLC now owns 28,506 shares of the financial services provider's stock worth $4,999,000 after acquiring an additional 2,903 shares during the last quarter. 69.35% of the stock is owned by institutional investors.

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.