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Stock analysts at RBC Capital initiated coverage on shares of FirstService (NASDAQ:FSRV) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $59.00 price target on the stock. RBC Capital’s price objective indicates a potential upside of 17.27% from the company’s current price.

Shares of FirstService (NASDAQ:FSRV) traded up 2.42% during mid-day trading on Thursday, hitting $51.53. The stock had a trading volume of 11,686 shares. FirstService has a 52-week low of $30.78 and a 52-week high of $53.15. The stock has a 50-day moving average of $50.60 and a 200-day moving average of $46.92. The company’s market cap is $1.854 billion.

FirstService (NASDAQ:FSRV) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.04. The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $534.41 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Analysts expect that FirstService will post $2.45 EPS for the current fiscal year.

Separately, analysts at CIBC downgraded shares of FirstService from an “outperform” rating to a “sector perform” rating in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $52.00.

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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