FirstService Co. (NASDAQ:FSV) Receives $201.67 Consensus Target Price from Analysts

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $201.67.

A number of research firms recently weighed in on FSV. Stifel Nicolaus raised their target price on shares of FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 21st. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Scotiabank lifted their price target on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th. Raymond James upped their price objective on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, TD Securities lifted their target price on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, October 17th.

FirstService Stock Down 0.8 %

NASDAQ FSV opened at $180.40 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13. FirstService has a 12 month low of $141.26 and a 12 month high of $197.84. The stock’s 50 day moving average is $184.85 and its 200 day moving average is $181.79. The stock has a market cap of $8.17 billion, a PE ratio of 75.17 and a beta of 1.06.

FirstService Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 0.55%. FirstService’s dividend payout ratio (DPR) is 41.67%.

Institutional Trading of FirstService

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Berry Wealth Group LP lifted its holdings in shares of FirstService by 5.4% during the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 91 shares during the period. HighTower Advisors LLC boosted its holdings in shares of FirstService by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 98 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of FirstService by 3.2% in the third quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 110 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of FirstService by 3.7% during the second quarter. Public Sector Pension Investment Board now owns 4,048 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 143 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in FirstService during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.

About FirstService

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.