TD Securities Increases FirstService (NASDAQ:FSV) Price Target to $198.00

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV had its price target hoisted by equities research analysts at TD Securities from $197.00 to $198.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a "hold" rating on the financial services provider's stock. TD Securities' price objective indicates a potential upside of 15.84% from the company's previous close.

A number of other equities analysts have also issued reports on FSV. Raymond James upped their target price on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Scotiabank cut their price target on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. Finally, StockNews.com downgraded shares of FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $206.00.

FirstService Stock Down 0.5 %

Shares of FirstService stock traded down $0.91 during trading hours on Tuesday, hitting $170.93. 98,108 shares of the company's stock traded hands, compared to its average volume of 108,701. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. FirstService has a twelve month low of $141.26 and a twelve month high of $197.84. The stock has a 50 day simple moving average of $169.78 and a 200-day simple moving average of $179.46. The company has a market cap of $7.77 billion, a PE ratio of 57.55 and a beta of 1.04.

Hedge Funds Weigh In On FirstService

Several institutional investors have recently made changes to their positions in FSV. Versant Capital Management Inc acquired a new position in FirstService during the 4th quarter valued at approximately $29,000. Trust Co. of Vermont bought a new position in shares of FirstService during the fourth quarter worth about $46,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of FirstService in the 3rd quarter worth about $53,000. Natixis lifted its position in FirstService by 5,511.1% in the 4th quarter. Natixis now owns 505 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 496 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in FirstService by 52.1% during the 1st quarter. Spire Wealth Management now owns 543 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 186 shares during the period. 69.35% of the stock is owned by institutional investors.

FirstService Company Profile

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.