FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.
A number of other research firms have also recently commented on FSV. Scotiabank lowered their price target on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a report on Thursday, April 17th. TD Securities lifted their price objective on FirstService from $200.00 to $211.00 and gave the stock a "hold" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $210.60.
Read Our Latest Analysis on FirstService
FirstService Stock Up 3.1%
NASDAQ FSV opened at $200.08 on Friday. The stock's 50 day moving average is $177.19 and its 200 day moving average is $174.72. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.09. FirstService has a 12 month low of $153.13 and a 12 month high of $200.41. The stock has a market cap of $9.09 billion, a PE ratio of 64.13 and a beta of 0.99.
FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.26. FirstService had a return on equity of 18.51% and a net margin of 2.61%. The company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the previous year, the firm earned $1.36 EPS. The firm's revenue was up 9.1% compared to the same quarter last year. Research analysts predict that FirstService will post 5.27 EPS for the current fiscal year.
Institutional Trading of FirstService
Large investors have recently added to or reduced their stakes in the company. TCTC Holdings LLC increased 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 valued at $28,000 after purchasing an additional 104 shares during the last quarter. Strs Ohio bought a new position in FirstService in the 1st quarter valued at $38,000. Spire Wealth Management grew its position in FirstService by 52.1% in the 1st quarter. Spire Wealth Management now owns 543 shares of the financial services provider's stock valued at $90,000 after acquiring an additional 186 shares during the last quarter. SVB Wealth LLC bought a new position in FirstService in the 1st quarter valued at $90,000. Finally, Natixis grew 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 acquiring an additional 496 shares during the last quarter. Institutional investors own 69.35% of the company's stock.
About FirstService
(
Get Free Report)
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.
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