FirstService (TSE:FSV) Sets New 12-Month Low - Should You Sell?

Key Points

• FirstService hit a new 52-week low, trading as low as C$169.60 (last C$171.21) on Wednesday and was down about 1.7% with ~178,992 shares changing hands.
• Wall Street analysts maintain a consensus Buy rating with a consensus target of C$209.00, though TD Securities recently adjusted its target (from C$217 to C$201) while keeping a buy stance.
• Insiders have been selling: a director sold 10,000 shares in February and insiders disposed of 24,700 shares in the last three months, while insiders still own about 10.26% of the stock.

FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV's share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$169.60 and last traded at C$171.21, with a volume of 178992 shares traded. The stock had previously closed at C$174.24.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FSV shares. TD Securities upped their price objective on FirstService from C$211.00 to C$217.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. TD lowered their price objective on FirstService from C$217.00 to C$201.00 and set a "buy" rating on the stock in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$209.00.

FirstService Trading Down 1.7%

The firm has a market cap of C$7.87 billion, a PE ratio of 48.23, a price-to-earnings-growth ratio of 107.75 and a beta of 0.84. The company has a 50-day simple moving average of C$198.63 and a 200 day simple moving average of C$211.50. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 95.68.

FirstService (TSE:FSV - Get Free Report) NASDAQ: FSV last posted its quarterly earnings data on Thursday, April 23rd. The company reported C$1.32 EPS for the quarter. The business had revenue of C$1.83 billion during the quarter. FirstService had a return on equity of 12.11% and a net margin of 2.93%. As a group, sell-side analysts forecast that FirstService Co. will post 7.5161189 earnings per share for the current fiscal year.

Insider Activity at FirstService

In other news, Director D. Scott Patterson sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of C$214.00, for a total value of C$2,140,000.00. Following the completion of the sale, the director directly owned 135,000 shares in the company, valued at C$28,890,000. The trade was a 6.90% decrease in their ownership of the stock. Insiders sold 24,700 shares of company stock valued at $5,296,022 in the last three months. 10.26% of the stock is owned by insiders.

About FirstService

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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