FirstService (TSE:FSV) Sets New 1-Year High – Time to Buy?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$278.19 and last traded at C$274.82, with a volume of 56442 shares trading hands. The stock had previously closed at C$273.18.

Analysts Set New Price Targets

Separately, TD Securities upped their target price on FirstService from C$182.00 to C$194.00 and gave the stock a “hold” rating in a research note on Monday, October 28th.

FirstService Trading Up 0.5 %

The company has a market capitalization of C$12.36 billion, a price-to-earnings ratio of 112.42, a P/E/G ratio of 107.75 and a beta of 0.96. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 105.28. The business’s 50 day moving average price is C$255.99 and its two-hundred day moving average price is C$231.37.

FirstService Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were given a $0.337 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.35 dividend on an annualized basis and a yield of 0.49%. FirstService’s dividend payout ratio is currently 55.56%.

Insiders Place Their Bets

In other news, Senior Officer Douglas G. Cooke sold 3,000 shares of FirstService stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$261.50, for a total transaction of C$784,500.00. Over the last quarter, insiders have sold 9,700 shares of company stock valued at $2,542,791. 10.26% of the stock is currently owned by insiders.

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.