FirstService (NASDAQ:FSV) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded FirstService (FSV) from a "hold" to a "buy"; the stock carries a consensus rating of Moderate Buy with a consensus price target of $211.67 (six analysts Buy, two Hold).
• FirstService beat quarterly estimates, reporting $1.37 EPS vs. $1.32 expected and $1.38 billion revenue vs. $1.36 billion expected, while analysts forecast $5.27 EPS for the fiscal year.
• The shares trade with a market capitalization of $6.8 billion and a P/E of 47.09, with a one‑year range of $146.29 to $209.66 (opened at $148.81 on the most recent session).

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Several other brokerages have also recently weighed in on FSV. TD Securities reaffirmed a "buy" rating and set a $217.00 target price on shares of FirstService in a research note on Thursday, February 5th. BMO Capital Markets reiterated an "outperform" rating and issued a $202.00 price target on shares of FirstService in a research report on Thursday, February 5th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of FirstService in a report on Monday, December 22nd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $211.67.

FirstService Stock Performance

FSV opened at $148.81 on Friday. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 47.09, a price-to-earnings-growth ratio of 4.02 and a beta of 1.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.73 and a quick ratio of 1.73. FirstService has a 1-year low of $146.29 and a 1-year high of $209.66. The business has a 50 day moving average price of $156.86 and a two-hundred day moving average price of $168.67.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.05. FirstService had a return on equity of 18.69% and a net margin of 2.64%.The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company posted $1.34 EPS. The firm's quarterly revenue was up 1.3% on a year-over-year basis. Research analysts predict that FirstService will post 5.27 EPS for the current fiscal year.

Institutional Investors Weigh In On FirstService

Hedge funds have recently bought and sold shares of the business. JPL Wealth Management LLC acquired a new stake in FirstService during the 3rd quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of FirstService by 88.0% in 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 during the period. Kestra Advisory Services LLC purchased a new stake in shares of FirstService in the fourth quarter worth approximately $34,000. Geneos Wealth Management Inc. lifted its position in shares of FirstService by 63.7% in the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider's stock worth $35,000 after purchasing an additional 79 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of FirstService during the first quarter worth approximately $38,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

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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