FirstService (TSE:FSV) Shares Cross Below 200 Day Moving Average – Here’s Why

FirstService Co. (TSE:FSV) (NASDAQ:FSV) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$242.12 and traded as low as C$209.53. FirstService shares last traded at C$210.07, with a volume of 105,355 shares trading hands.

Analysts Set New Price Targets

FSV has been the topic of a number of research reports. TD Securities reduced their target price on shares of FirstService from C$213.00 to C$211.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Scotiabank upgraded shares of FirstService from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, FirstService has a consensus rating of “Strong Buy” and a consensus target price of C$211.00.

FirstService Price Performance

The firm has a market capitalization of C$9.60 billion, a price-to-earnings ratio of 69.33, a price-to-earnings-growth ratio of 107.75 and a beta of 0.95. The company has a quick ratio of 1.25, a current ratio of 1.81 and a debt-to-equity ratio of 136.54. The company’s fifty day moving average is C$215.46 and its two-hundred day moving average is C$242.12.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its earnings results on Thursday, October 23rd. The company reported C$1.76 EPS for the quarter. The company 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%. Equities research analysts anticipate that FirstService Co. will post 7.5161189 earnings per share for the current fiscal year.

About FirstService

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. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.