FirstService (TSE:FSV) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

FirstService Co. (TSE:FSVGet Free Report) (NASDAQ:FSV) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$248.10 and traded as low as C$209.98. FirstService shares last traded at C$212.92, with a volume of 207,911 shares.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FSV. TD Securities cut their price objective on shares of FirstService from C$213.00 to C$211.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Scotiabank raised shares of FirstService from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, FirstService has an average rating of “Strong Buy” and a consensus price target of C$211.00.

Read Our Latest Stock Analysis on FSV

FirstService Stock Up 1.1%

The company has a debt-to-equity ratio of 136.54, a quick ratio of 1.25 and a current ratio of 1.81. The firm has a market capitalization of C$9.70 billion, a PE ratio of 70.27, a PEG ratio of 107.75 and a beta of 0.96. The company has a fifty day moving average price of C$225.81 and a 200-day moving average price of C$248.10.

FirstService (TSE:FSVGet Free Report) (NASDAQ:FSV) last posted its earnings results on Thursday, October 23rd. The company reported C$1.76 earnings per share for the quarter. The firm had revenue of C$2.02 billion during the quarter. FirstService had a net margin of 2.19% and a return on equity of 10.05%. As a group, analysts expect that FirstService Co. will post 7.5161189 earnings per share for the current year.

FirstService Company Profile

(Get Free Report)

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue.

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