Analysts Set FirstService Co. (NASDAQ:FSV) Price Target at $198.33

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has earned an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $198.33.

FSV has been the subject of several analyst reports. Stifel Nicolaus raised their price target on shares of FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 21st. TD Securities boosted their target price on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Scotiabank lifted their price target on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 15th.

Institutional Trading of FirstService

A number of hedge funds have recently bought and sold shares of FSV. Versant Capital Management Inc purchased a new position in shares of FirstService during the fourth quarter worth approximately $29,000. Benjamin Edwards Inc. raised its position in FirstService by 35.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 91 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in FirstService in the third quarter worth $53,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of FirstService by 49.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock valued at $63,000 after buying an additional 138 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of FirstService in the third quarter worth about $66,000. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Performance

NASDAQ:FSV opened at $178.00 on Friday. The business’s fifty day moving average is $187.34 and its 200 day moving average is $178.44. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 74.17 and a beta of 1.04. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79. FirstService has a 52-week low of $141.26 and a 52-week high of $197.84.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business posted $1.18 earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. Research analysts predict that FirstService will post 4.58 EPS for the current year.

FirstService Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. FirstService’s dividend payout ratio (DPR) is presently 41.67%.

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.