FirstService Corp PT Raised to $63.00 at BMO Capital Markets (FSRV)
Research analysts at BMO Capital Markets lifted their price objective on shares of FirstService Corp (NASDAQ:FSRV) from $58.00 to $63.00 in a report released on Thursday. BMO Capital Markets’ target price would indicate a potential upside of 16.45% from the company’s current price.
FirstService Corp (NASDAQ:FSRV) traded down 2.80% during mid-day trading on Thursday, hitting $54.10. The stock had a trading volume of 15,871 shares. FirstService Corp has a one year low of $34.39 and a one year high of $56.68. The stock has a 50-day moving average of $51.56 and a 200-day moving average of $47.95. The company has a market cap of $1.946 billion and a price-to-earnings ratio of 525.09.
FirstService Corp (NASDAQ:FSRV) last released its earnings data on Tuesday, July 29th. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.13. The company had revenue of $660.70 million for the quarter, compared to the consensus estimate of $645.01 million. During the same quarter last year, the company posted $0.58 earnings per share. FirstService Corp’s revenue was up 14.7% compared to the same quarter last year. Analysts expect that FirstService Corp will post $2.65 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on FSRV. Analysts at CIBC raised their price target on shares of FirstService Corp from C$56.00 to C$62.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of FirstService Corp from C$54.00 to C$60.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of FirstService Corp from $59.00 to $63.00 in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. FirstService Corp has a consensus rating of “Hold” and a consensus target price of $61.65.
FirstService Corporation (NASDAQ:FSRV) is a provider of real estate-related services to the commercial, institutional and residential markets in North America and various countries around the world.
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