FirstService Corporation (NASDAQ:FSV) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate FirstService a "Moderate Buy" — 8 analysts cover the stock (6 buy, 2 hold) with an average 12‑month price target of $211.67.
• Recent quarter beat expectations with EPS of $1.37 vs. $1.32 expected and revenue of $1.38B vs. $1.36B, while the stock trades around $145.90 (12‑month high $209.66) and has a market cap of $6.71B.
• FirstService raised its quarterly dividend to $0.305 ($1.22 annualized, ~0.8% yield) and institutional investors own about 69.35% of the company.

FirstService Corporation (NASDAQ:FSV - Get Free Report) TSE: FSV has been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $211.6667.

FSV has been the subject of several recent research reports. Wall Street Zen raised FirstService from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. Weiss Ratings reissued a "hold (c)" rating on shares of FirstService in a research note on Friday, March 27th. TD Securities reissued a "buy" rating and issued a $217.00 price target on shares of FirstService in a research note on Thursday, February 5th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $202.00 price target on shares of FirstService in a research note on Thursday, February 5th.

Institutional Investors Weigh In On FirstService

Institutional investors and hedge funds have recently made changes to their positions in the business. JPL Wealth Management LLC bought a new stake in shares of FirstService during the 3rd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its position in shares of FirstService by 88.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 81 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of FirstService by 63.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of FirstService during the 4th quarter valued at about $34,000. Finally, Strs Ohio bought a new stake in shares of FirstService during the 1st quarter valued at about $38,000. Institutional investors own 69.35% of the company's stock.

FirstService Price Performance

Shares of FSV opened at $145.90 on Monday. The business has a 50-day simple moving average of $148.38 and a two-hundred day simple moving average of $157.63. FirstService has a 12-month low of $133.42 and a 12-month high of $209.66. The stock has a market cap of $6.71 billion, a PE ratio of 46.17, a PEG ratio of 3.91 and a beta of 1.09. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.79.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.05. The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.36 billion. FirstService had a return on equity of 18.69% and a net margin of 2.64%.The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 earnings per share. Analysts anticipate that FirstService will post 5.27 earnings per share for the current fiscal year.

FirstService Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 7th. Investors of record on Tuesday, March 31st were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, March 31st. This is a positive change from FirstService's previous quarterly dividend of $0.28. FirstService's dividend payout ratio is currently 38.61%.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.

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