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

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $198.33.

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

Institutional Trading of FirstService

Several hedge funds have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. increased its holdings in shares of FirstService by 35.0% in the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 91 shares in the last quarter. HighTower Advisors LLC grew its position 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 purchasing an additional 98 shares during the period. Raymond James Trust N.A. raised its holdings in FirstService by 3.2% during the 3rd quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider’s stock worth $643,000 after buying an additional 110 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in FirstService by 49.6% in 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 in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings 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 valued at $616,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

FirstService Trading Down 0.3 %

Shares of FSV opened at $177.49 on Friday. The stock has a fifty day moving average price of $187.13 and a two-hundred day moving average price of $178.44. 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 $8.03 billion, a price-to-earnings ratio of 73.95 and a beta of 1.06. FirstService has a 52-week low of $141.26 and a 52-week high of $197.84.

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

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Tuesday, December 31st. FirstService’s dividend payout ratio is currently 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.