FirstService (TSE:FSV) Share Price Passes Below Two Hundred Day Moving Average of $213.62

FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV's stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$213.62 and traded as low as C$212.27. FirstService shares last traded at C$212.71, with a volume of 42,614 shares traded.

Analyst Upgrades and Downgrades

FSV has been the subject of several recent research reports. Raymond James increased their price objective on FirstService from C$180.00 to C$185.00 and gave the stock an "outperform" rating in a report on Tuesday, December 19th. Stifel Nicolaus lifted their target price on FirstService from C$175.00 to C$190.00 and gave the stock a "buy" rating in a research report on Wednesday, December 20th. Finally, Royal Bank of Canada lifted their target price on FirstService from C$178.00 to C$187.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 20th.

FirstService Trading Up 1.1 %

The firm has a market capitalization of C$9.67 billion, a price-to-earnings ratio of 70.49, a P/E/G ratio of 107.75 and a beta of 0.89. The business has a 50-day moving average of C$223.82 and a two-hundred day moving average of C$213.68. The company has a quick ratio of 1.25, a current ratio of 1.77 and a debt-to-equity ratio of 104.41.

FirstService (TSE:FSV - Get Free Report) NASDAQ: FSV last announced its quarterly earnings results on Tuesday, February 6th. The company reported C$1.40 EPS for the quarter, missing analysts' consensus estimates of C$1.48 by C($0.08). The business had revenue of C$1.47 billion for the quarter, compared to the consensus estimate of C$1.47 billion. FirstService had a return on equity of 11.77% and a net margin of 2.32%. Research analysts predict that FirstService Co. will post 6.9558535 EPS for the current fiscal year.

FirstService Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 29th were paid a dividend of $0.336 per share. This is a boost from FirstService's previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, March 27th. This represents a $1.34 dividend on an annualized basis and a yield of 0.63%. FirstService's dividend payout ratio (DPR) is currently 44.26%.

Insiders Place Their Bets

In other FirstService news, Senior Officer Douglas G. Cooke sold 5,000 shares of the firm's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$223.00, for a total transaction of C$1,115,000.00. In other news, Director D. Scott Patterson sold 500 shares of FirstService stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$230.50, for a total value of C$115,250.00. Also, Senior Officer Douglas G. Cooke sold 5,000 shares of FirstService stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of C$223.00, for a total transaction of C$1,115,000.00. Insiders sold a total of 19,300 shares of company stock worth $4,357,897 over the last quarter. Company insiders own 10.30% 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.