FirstService (TSE:FSV) Hits New 52-Week Low - Here's Why

Key Points

• FirstService hit a new 52-week low, trading as low as C$197.67 (last C$197.23) on Wednesday versus a prior close of C$203.09, and is trading well below its 50‑day (C$214.63) and 200‑day (C$231.85) moving averages.
• Analysts remain positive: TD Securities raised its price target to C$217 and gave a "buy" rating, and the consensus from MarketBeat shows an average rating of "Strong Buy" with a C$217 target—well above the current share price.
• Notable insider selling: Director D. Scott Patterson sold 10,000 shares at C$214 on Feb 18, and insiders have sold 24,700 shares (~C$5.3M) in the past 90 days while retaining 10.26% ownership.

FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV's stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$197.67 and last traded at C$197.23, with a volume of 105858 shares. The stock had previously closed at C$203.09.

Analysts Set New Price Targets

Separately, TD Securities upped their price target on shares of FirstService from C$211.00 to C$217.00 and gave the company a "buy" rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, FirstService presently has an average rating of "Strong Buy" and a consensus target price of C$217.00.

FirstService Price Performance

The stock has a 50 day moving average of C$214.63 and a two-hundred day moving average of C$231.85. The company has a debt-to-equity ratio of 100.79, a quick ratio of 1.25 and a current ratio of 15.15. The stock has a market cap of C$9.07 billion, a PE ratio of 62.22, a PEG ratio of 107.75 and a beta of 0.75.

FirstService (TSE:FSV - Get Free Report) NASDAQ: FSV last released its earnings results on Wednesday, February 4th. The company reported C$1.88 earnings per share (EPS) for the quarter. The company had revenue of C$1.82 billion during the quarter. FirstService had a return on equity of 11.33% and a net margin of 2.65%. Equities analysts anticipate that FirstService Co. will post 7.5161189 EPS for the current year.

Insider Activity at FirstService

In other news, Director D. Scott Patterson sold 10,000 shares of the company's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of C$214.00, for a total value of C$2,140,000.00. Following the transaction, the director directly owned 135,000 shares of the company's stock, valued at approximately C$28,890,000. This represents a 6.90% decrease in their ownership of the stock. In the last 90 days, insiders have sold 24,700 shares of company stock worth $5,296,022. Insiders own 10.26% of the company's stock.

FirstService Company Profile

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company's revenue. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.

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