FirstService (TSE:FSV) Share Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Price breach: FirstService's share price slipped below its 200‑day moving average (C$220.14), trading as low as C$193.49 and last at C$196.65 on Monday with about 49,813 shares traded.
• Analysts remain bullish: TD Securities raised its target to C$217 and kept a "buy" rating, and MarketBeat shows a consensus "Strong Buy" with an average target of C$217.
• Notable insider selling: Director D. Scott Patterson sold 10,000 shares at C$214 on Feb. 18, with insiders selling 24,700 shares (~$5.30M) in the past 90 days while still owning 10.26% of the company.

FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV's stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$220.14 and traded as low as C$193.49. FirstService shares last traded at C$196.65, with a volume of 49,813 shares traded.

Wall Street Analyst Weigh In

Separately, TD Securities upped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to MarketBeat, FirstService presently has a consensus rating of "Strong Buy" and an average target price of C$217.00.

FirstService Price Performance

The company has a quick ratio of 1.25, a current ratio of 15.15 and a debt-to-equity ratio of 100.79. The business has a 50-day moving average price of C$204.40 and a two-hundred day moving average price of C$220.14. The company has a market capitalization of C$9.04 billion, a price-to-earnings ratio of 62.03, a price-to-earnings-growth ratio of 107.75 and a beta of 0.85.

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

Insider Transactions at FirstService

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.