FirstService Co. (NASDAQ:FSV) Given Average Rating of “Buy” by Analysts

FirstService Co. (NASDAQ:FSVGet Free Report) (TSE:FSV) has received an average recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have covered the stock in the last year is $177.29.

Several brokerages have recently weighed in on FSV. Royal Bank of Canada reaffirmed an “outperform” rating and set a $187.00 target price on shares of FirstService in a research note on Wednesday, February 7th. TheStreet downgraded FirstService from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. StockNews.com downgraded FirstService from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Scotiabank boosted their price target on FirstService from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets dropped their price target on FirstService from $196.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th.

Read Our Latest Analysis on FSV

FirstService Trading Down 2.0 %

Shares of NASDAQ:FSV opened at $161.56 on Wednesday. FirstService has a 12-month low of $134.77 and a 12-month high of $171.94. The company has a market capitalization of $7.27 billion, a PE ratio of 72.13 and a beta of 0.97. The business has a 50 day moving average of $166.22 and a two-hundred day moving average of $157.71. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.15.

FirstService (NASDAQ:FSVGet Free Report) (TSE:FSV) last announced its earnings results on Tuesday, February 6th. The financial services provider reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.04). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. FirstService had a return on equity of 17.56% and a net margin of 2.32%. As a group, analysts forecast that FirstService will post 4.69 EPS for the current year.

FirstService Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 29th will be issued a $0.25 dividend. This is a boost from FirstService’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Wednesday, March 27th. FirstService’s dividend payout ratio is presently 44.64%.

Institutional Trading of FirstService

Several large investors have recently added to or reduced their stakes in the stock. Durable Capital Partners LP grew its holdings in FirstService by 2.2% in the 4th quarter. Durable Capital Partners LP now owns 3,993,742 shares of the financial services provider’s stock valued at $489,433,000 after buying an additional 85,703 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of FirstService by 2.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,626,939 shares of the financial services provider’s stock worth $321,932,000 after purchasing an additional 61,747 shares during the period. Mackenzie Financial Corp grew its holdings in shares of FirstService by 0.7% during the 4th quarter. Mackenzie Financial Corp now owns 2,381,128 shares of the financial services provider’s stock worth $385,917,000 after purchasing an additional 16,362 shares during the period. Vanguard Group Inc. grew its holdings in shares of FirstService by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,582,337 shares of the financial services provider’s stock worth $230,293,000 after purchasing an additional 29,482 shares during the period. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of FirstService by 0.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,367,133 shares of the financial services provider’s stock worth $221,599,000 after purchasing an additional 4,431 shares during the period. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

About FirstService

(Get Free Report

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.

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Analyst Recommendations for FirstService (NASDAQ:FSV)

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