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

FirstService Co. (NASDAQ:FSV - Get Free Report) TSE: FSV has earned a consensus rating of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $206.33.

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

Hedge Funds Weigh In On FirstService

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of FirstService in the 1st quarter valued at approximately $38,000. Advisors Capital Management LLC boosted its position in FirstService by 0.4% in the first quarter. Advisors Capital Management LLC now owns 22,644 shares of the financial services provider's stock valued at $3,758,000 after buying an additional 89 shares in the last quarter. Focus Partners Wealth grew its stake in shares of FirstService by 12.7% during the first quarter. Focus Partners Wealth now owns 176,141 shares of the financial services provider's stock worth $29,231,000 after buying an additional 19,895 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of FirstService by 40.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,389 shares of the financial services provider's stock worth $9,856,000 after buying an additional 17,072 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of FirstService by 79.5% during the first quarter. Goldman Sachs Group Inc. now owns 318,648 shares of the financial services provider's stock worth $52,880,000 after buying an additional 141,152 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

FirstService Stock Down 0.1%

FirstService stock traded down $0.22 during mid-day trading on Monday, reaching $175.18. The company's stock had a trading volume of 108,670 shares, compared to its average volume of 109,045. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 58.98 and a beta of 1.04. FirstService has a 12 month low of $146.68 and a 12 month high of $197.84. The business's 50 day simple moving average is $171.27 and its 200 day simple moving average is $177.23. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. The company had revenue of $1.21 billion during 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 company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. As a group, research analysts anticipate that FirstService will post 5.27 earnings per share for the current year.

FirstService Dividend Announcement

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