FirstService Corporation (NASDAQ:FSV) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• FirstService (NASDAQ:FSV) has a consensus analyst rating of “Moderate Buy”, based on 11 covering firms: eight buy ratings and three hold ratings. The average 12-month price target is about $196.89.
• The company recently reported better-than-expected quarterly results, posting EPS of $0.95 versus the $0.89 estimate and revenue of $1.30 billion versus $1.29 billion expected. Revenue also rose 5.3% year over year.
• FirstService announced a quarterly dividend of $0.305 per share, payable July 7 to shareholders of record on June 30. That works out to an annualized dividend of $1.22 and a yield of 0.9%.

Shares of FirstService Corporation (NASDAQ:FSV - Get Free Report) TSE: FSV have received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $196.8889.

Several research analysts have recently issued reports on FSV shares. Wall Street Zen cut shares of FirstService from a "buy" rating to a "hold" rating in a report on Saturday, April 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of FirstService in a report on Friday, March 27th. Scotiabank decreased their price objective on shares of FirstService from $205.00 to $190.00 and set a "sector outperform" rating for the company in a report on Friday, April 24th. Stifel Nicolaus decreased their price objective on shares of FirstService from $215.00 to $200.00 and set a "buy" rating for the company in a report on Monday, April 27th. Finally, Loop Capital started coverage on shares of FirstService in a report on Monday. They issued a "hold" rating and a $140.00 price objective for the company.

Institutional Trading of FirstService

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp lifted its stake in FirstService by 0.9% during the fourth quarter. Truist Financial Corp now owns 8,894 shares of the financial services provider's stock valued at $1,383,000 after purchasing an additional 77 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in FirstService by 5.6% during the second quarter. Evergreen Capital Management LLC now owns 1,462 shares of the financial services provider's stock valued at $256,000 after purchasing an additional 77 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in FirstService by 63.7% during the second 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 during the last quarter. Parr Mcknight Wealth Management Group LLC lifted its stake in FirstService by 1.1% during the third quarter. Parr Mcknight Wealth Management Group LLC now owns 7,583 shares of the financial services provider's stock valued at $1,444,000 after purchasing an additional 81 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in FirstService by 88.0% during the fourth 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 during the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

FirstService Trading Up 1.5%

FirstService stock opened at $134.46 on Friday. The firm has a 50 day simple moving average of $143.87 and a 200-day simple moving average of $152.48. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.66 and a quick ratio of 1.73. The stock has a market capitalization of $6.18 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 4.02 and a beta of 0.97. FirstService has a 12-month low of $124.37 and a 12-month high of $209.66.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.29 billion. FirstService had a net margin of 2.92% and a return on equity of 17.91%. The business's revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. As a group, equities research analysts expect that FirstService will post 5.54 EPS for the current fiscal year.

FirstService Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.305 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.22 annualized dividend and a yield of 0.9%. FirstService's dividend payout ratio is currently 34.46%.

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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