Raymond James Forecasts Strong Price Appreciation for FirstService (NASDAQ:FSV) Stock

FirstService (NASDAQ:FSV) (TSE:FSV) had its price objective boosted by equities researchers at Raymond James from $215.00 to $225.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price objective suggests a potential upside of 23.71% from the company’s current price.

FSV has been the topic of several other research reports. Scotiabank increased their price target on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 15th. StockNews.com raised shares of FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped 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. 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.67.

FirstService Stock Down 1.3 %

FirstService stock opened at $181.87 on Thursday. The business’s 50-day simple moving average is $185.18 and its two-hundred day simple moving average is $181.44. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $8.23 billion, a PE ratio of 75.78 and a beta of 1.06. FirstService has a fifty-two week low of $141.26 and a fifty-two week high of $197.84.

Institutional Trading of FirstService

Institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. lifted its holdings in FirstService by 486.3% during the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock valued at $87,308,000 after purchasing an additional 389,129 shares in the last quarter. Bank of Montreal Can lifted its stake in FirstService by 19.7% in the 3rd quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock valued at $69,992,000 after buying an additional 63,807 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in FirstService by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider’s stock valued at $36,634,000 after buying an additional 10,191 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in FirstService by 253.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 19,351 shares of the financial services provider’s stock worth $3,503,000 after buying an additional 13,876 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of FirstService by 65.4% during the third quarter. Stifel Financial Corp now owns 21,103 shares of the financial services provider’s stock valued at $3,851,000 after acquiring an additional 8,348 shares during the last quarter. 69.35% of the stock is 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.