FirstService Corporation (NASDAQ:FSV) Given Average Rating of "Hold" by Brokerages

Key Points

• FirstService Corporation (NASDAQ:FSV) has received an average rating of "Hold" from five brokerages, with three holding ratings and two buy ratings; the average 1-year target price is $217.75.
• The company reported earnings of $1.71 per share for the last quarter, exceeding analysts' expectations of $1.45, and achieved a 9.1% year-over-year revenue increase to $1.42 billion.
• FirstService recently announced a quarterly dividend of $0.275 per share, with a payout ratio of 35.26% and a yield of 0.6% expected for shareholders of record on September 30th.

Shares of FirstService Corporation (NASDAQ:FSV - Get Free Report) TSE: FSV have been assigned an average rating of "Hold" from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $217.75.

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of FirstService from a "strong-buy" rating to a "hold" rating in a report on Tuesday. TD Securities reissued a "hold" rating on shares of FirstService in a report on Thursday, September 4th. Scotiabank raised their price target on shares of FirstService from $210.00 to $220.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of FirstService from a "hold" rating to a "buy" rating in a report on Sunday, September 7th.

FirstService Stock Performance

Shares of FirstService stock opened at $191.05 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market cap of $8.71 billion, a P/E ratio of 61.23 and a beta of 0.96. The firm has a 50 day simple moving average of $197.44 and a 200 day simple moving average of $181.20. FirstService has a fifty-two week low of $153.13 and a fifty-two week high of $209.66.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.26. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. FirstService had a net margin of 2.61% and a return on equity of 18.24%. FirstService's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 earnings per share. Sell-side analysts predict that FirstService will post 5.27 earnings per share for the current fiscal year.

FirstService Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 30th. FirstService's payout ratio is currently 35.26%.

Institutional Trading of FirstService

A number of institutional investors have recently bought and sold shares of FSV. TCTC Holdings LLC grew its holdings in FirstService by 155.2% during the 1st quarter. TCTC Holdings LLC now owns 171 shares of the financial services provider's stock worth $28,000 after acquiring an additional 104 shares during the period. Geneos Wealth Management Inc. grew its holdings in FirstService by 63.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider's stock worth $35,000 after acquiring an additional 79 shares during the period. Strs Ohio acquired a new stake in FirstService during the 1st quarter worth $38,000. EverSource Wealth Advisors LLC boosted its position in shares of FirstService by 400.0% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the financial services provider's stock worth $64,000 after purchasing an additional 292 shares in the last quarter. Finally, Spire Wealth Management boosted its position in shares of FirstService by 52.1% during the first quarter. Spire Wealth Management now owns 543 shares of the financial services provider's stock worth $90,000 after purchasing an additional 186 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company's stock.

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.

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