FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV had its target price lowered by equities researchers at Scotiabank from $217.50 to $210.00 in a report released on Thursday, MarketBeat reports. The firm presently has a "sector perform" rating on the financial services provider's stock. Scotiabank's price objective would indicate a potential upside of 22.06% from the stock's previous close.
Other equities analysts have also recently issued reports about the company. Raymond James boosted their target price on FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. StockNews.com downgraded shares of FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, FirstService presently has a consensus rating of "Moderate Buy" and an average target price of $206.00.
Get Our Latest Report on FirstService
FirstService Price Performance
Shares of FSV traded up $1.24 during mid-day trading on Thursday, reaching $172.04. 128,200 shares of the stock traded hands, compared to its average volume of 108,761. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 57.93 and a beta of 1.04. FirstService has a 1 year low of $141.26 and a 1 year high of $197.84. The firm has a fifty day moving average price of $170.05 and a 200 day moving average price of $179.70. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09.
Hedge Funds Weigh In On FirstService
A number of large investors have recently added to or reduced their stakes in FSV. Versant Capital Management Inc purchased a new position in shares of FirstService in the fourth quarter worth about $29,000. Trust Co. of Vermont purchased a new position in FirstService in the 4th quarter worth approximately $46,000. Wilmington Savings Fund Society FSB bought a new stake in FirstService in the third quarter valued at approximately $53,000. Natixis boosted its stake in shares of FirstService by 5,511.1% during the fourth quarter. Natixis now owns 505 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 496 shares during the period. Finally, State of Wyoming purchased a new position in shares of FirstService in the fourth quarter worth $101,000. Hedge funds and other institutional investors own 69.35% of the company's stock.
About FirstService
(
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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.
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