FirstService (NASDAQ:FSV) Given New $225.00 Price Target at Raymond James

FirstService (NASDAQ:FSV) (TSE:FSV) had its price objective hoisted by Raymond James from $215.00 to $225.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on the stock. Scotiabank lifted 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. TD Securities lifted their price target on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus lifted their price objective on shares of FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FirstService has a consensus rating of “Moderate Buy” and an average target price of $201.67.

FirstService Price Performance

NASDAQ FSV opened at $184.18 on Thursday. The firm’s fifty day simple moving average is $185.39 and its two-hundred day simple moving average is $181.30. 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 firm has a market capitalization of $8.34 billion, a P/E ratio of 76.74 and a beta of 1.06.

FirstService Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. FirstService’s payout ratio is currently 41.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berry Wealth Group LP raised its position in shares of FirstService by 5.4% in the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 91 shares during the period. HighTower Advisors LLC raised its position in shares of FirstService by 3.5% in the third quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 98 shares during the period. Raymond James Trust N.A. raised its position 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 position in shares of FirstService by 3.7% in the second quarter. Public Sector Pension Investment Board now owns 4,048 shares of the financial services provider’s stock worth $616,000 after acquiring an additional 143 shares during the period. Finally, Versant Capital Management Inc acquired a new position in shares of FirstService in the fourth quarter worth about $29,000. 69.35% of the stock is currently owned by institutional investors and hedge funds.

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.