Stifel Nicolaus Increases FirstService (NASDAQ:FSV) Price Target to $215.00

FirstService (NASDAQ:FSV) (TSE:FSV) had its target price boosted by Stifel Nicolaus from $200.00 to $215.00 in a research report released on Monday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the financial services provider’s stock.

A number of other brokerages have also issued reports on FSV. Scotiabank raised their target price on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 15th. Royal Bank of Canada lifted their price objective on FirstService from $187.00 to $192.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, TD Securities lifted their price objective on FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $198.33.

FirstService Stock Performance

Shares of FSV stock opened at $189.65 on Monday. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of 93.89 and a beta of 1.05. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.84 and a quick ratio of 1.84. The business has a fifty day moving average of $180.55 and a 200 day moving average of $164.25. FirstService has a 1 year low of $134.77 and a 1 year high of $192.03.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its earnings results on Thursday, July 25th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.10. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. FirstService had a return on equity of 15.60% and a net margin of 1.73%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. As a group, research analysts expect that FirstService will post 4.35 earnings per share for the current year.

FirstService Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, September 30th. FirstService’s dividend payout ratio (DPR) is presently 49.50%.

Institutional Investors Weigh In On FirstService

A number of institutional investors have recently modified their holdings of FSV. Blue Trust Inc. grew its position in shares of FirstService by 8,066.7% during the 2nd quarter. Blue Trust Inc. now owns 245 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 242 shares during the period. Benjamin Edwards Inc. boosted its holdings 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 buying an additional 91 shares during the last quarter. Gulf International Bank UK Ltd boosted its holdings in FirstService by 25.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 365 shares of the financial services provider’s stock worth $60,000 after buying an additional 75 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in FirstService by 49.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock worth $63,000 after buying an additional 138 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in FirstService by 40.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider’s stock worth $74,000 after buying an additional 141 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

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.