FirstService Downgraded to Neutral at Zacks (FSRV)
FirstService (NASDAQ:FSRV) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Tuesday, American Banking News reports. They currently have a $41.70 price objective on the stock. Zacks‘ target price would indicate a potential upside of 7.20% from the stock’s previous close.
Separately, analysts at BMO Capital Markets upgraded shares of FirstService (NASDAQ:FSRV) from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, July 31st.
Shares of FirstService (NASDAQ:FSRV) traded up 0.28% during mid-day trading on Tuesday, hitting $38.90. The stock had a trading volume of 25,155 shares. FirstService has a 52-week low of $26.88 and a 52-week high of $40.64. The stock’s 50-day moving average is $37.03 and its 200-day moving average is $33.80. The company’s market cap is $1.294 billion.
FirstService (NASDAQ:FSRV) last announced its earnings results on Tuesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.18. The company had revenue of $601.90 million for the quarter, compared to the consensus estimate of $614.93 million. During the same quarter last year, the company posted $0.45 earnings per share. FirstService’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that FirstService will post $1.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 9th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, September 26th.
FirstService Corporation (NASDAQ:FSRV) is engaged in the property services sector, providing services in commercial real estate, residential property management and property services.
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