Shares of FirstService Corporation (NASDAQ:FSV - Get Free Report) TSE: FSV have been assigned a consensus rating of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $208.40.
FSV has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. TD Securities raised their price objective on shares of FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a research note on Wednesday, May 7th. Finally, Scotiabank dropped their price objective on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th.
Get Our Latest Analysis on FirstService
Institutional Trading of FirstService
Hedge funds have recently bought and sold shares of the stock. TCTC Holdings LLC grew its position in shares of 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 buying an additional 104 shares during the period. Strs Ohio acquired a new stake in shares of FirstService during the 1st quarter worth approximately $38,000. Spire Wealth Management grew its position in shares of FirstService by 52.1% during 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. SVB Wealth LLC acquired a new stake in shares of FirstService during the 1st quarter worth approximately $90,000. Finally, Natixis grew its position in shares of FirstService by 5,511.1% during the 4th quarter. Natixis now owns 505 shares of the financial services provider's stock worth $91,000 after buying an additional 496 shares during the period. 69.35% of the stock is owned by institutional investors.
FirstService Trading Up 2.2%
Shares of FSV stock traded up $4.35 during trading on Tuesday, hitting $198.35. 12,765 shares of the stock traded hands, compared to its average volume of 136,572. The firm has a market capitalization of $9.02 billion, a P/E ratio of 68.63 and a beta of 0.99. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.94 and a quick ratio of 1.94. FirstService has a 52-week low of $153.13 and a 52-week high of $198.73. The firm's fifty day moving average price is $176.70 and its 200-day moving average price is $174.57.
FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.26. FirstService had a return on equity of 17.49% and a net margin of 2.46%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company earned $1.36 earnings per share. The company's revenue was up 9.1% on a year-over-year basis. As a group, research analysts forecast that FirstService will post 5.27 earnings per share for the current fiscal year.
FirstService Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, June 30th. FirstService's dividend payout ratio is currently 38.06%.
FirstService Company Profile
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Get Free ReportFirstService 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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