FirstService Co. (NASDAQ:FSV) Receives Consensus Rating of "Buy" from Brokerages

FirstService Co. (NASDAQ:FSV - Get Free Report) TSE: FSV has been assigned a consensus rating of "Buy" from the six analysts that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $177.29.

A number of research firms have recently commented on FSV. Royal Bank of Canada reissued an "outperform" rating and set a $187.00 price target on shares of FirstService in a report on Wednesday, February 7th. Raymond James boosted their price target on FirstService from $185.00 to $205.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. TheStreet cut FirstService from a "b-" rating to a "c" rating in a report on Tuesday, February 6th. BMO Capital Markets lowered their price target on FirstService from $196.00 to $193.00 and set an "outperform" rating for the company in a report on Wednesday, February 7th. Finally, Scotiabank upped their target price on FirstService from $165.00 to $166.00 and gave the stock a "sector outperform" rating in a report on Wednesday, February 7th.

FirstService Price Performance

NASDAQ FSV traded down $0.15 during midday trading on Wednesday, hitting $161.41. The company had a trading volume of 95,073 shares, compared to its average volume of 74,303. The company has a market capitalization of $7.26 billion, a PE ratio of 72.06 and a beta of 0.97. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $166.18 and a 200-day moving average price of $157.73. FirstService has a twelve month low of $134.77 and a twelve month high of $171.94.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.04). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. FirstService had a net margin of 2.32% and a return on equity of 17.56%. As a group, analysts anticipate that FirstService will post 4.69 earnings per share for the current fiscal year.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 29th will be given a $0.25 dividend. The ex-dividend date is Wednesday, March 27th. This is an increase from FirstService's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.62%. FirstService's dividend payout ratio (DPR) is currently 44.64%.

Institutional Investors Weigh In On FirstService

Institutional investors and hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of FirstService in the fourth quarter valued at about $39,000. Spire Wealth Management acquired a new stake in shares of FirstService in the fourth quarter valued at about $40,000. Accent Capital Management LLC acquired a new stake in shares of FirstService in the fourth quarter valued at about $40,000. Exchange Traded Concepts LLC increased its stake in shares of FirstService by 126.6% in the third quarter. Exchange Traded Concepts LLC now owns 392 shares of the financial services provider's stock valued at $57,000 after buying an additional 219 shares during the period. Finally, Power Corp of Canada acquired a new stake in shares of FirstService in the first quarter valued at about $60,000. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Company Profile

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.