FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$250.53 and traded as high as C$283.31. FirstService shares last traded at C$277.80, with a volume of 78,789 shares trading hands.
Analyst Ratings Changes
Separately, TD Securities upped their price objective on FirstService from C$211.00 to C$214.00 and gave the stock a "hold" rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of C$214.00.
Read Our Latest Research Report on FirstService
FirstService Price Performance
The company has a market capitalization of C$12.47 billion, a PE ratio of 87.71, a P/E/G ratio of 107.75 and a beta of 0.95. The company has a current ratio of 1.81, a quick ratio of 1.25 and a debt-to-equity ratio of 136.54. The stock has a fifty day simple moving average of C$271.21 and a 200-day simple moving average of C$250.89.
FirstService Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 30th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.4%. FirstService's payout ratio is 33.65%.
Insider Transactions at FirstService
In other FirstService news, Director Erin Joy Wallace sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of C$275.74, for a total transaction of C$827,214.00. Following the completion of the sale, the director directly owned 10,000 shares of the company's stock, valued at approximately C$2,757,380. This trade represents a 23.08% decrease in their position. Also, Senior Officer Jeremy Alan Rakusin sold 2,800 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of C$273.24, for a total transaction of C$765,072.00. Insiders sold 8,800 shares of company stock valued at $2,316,805 over the last ninety days. Corporate insiders own 10.26% of the company's stock.
About FirstService
(
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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.
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