TD Securities Forecasts Strong Price Appreciation for FirstService (TSE:FSV) Stock

FirstService (TSE:FSV) (NASDAQ:FSV) had its target price upped by equities research analysts at TD Securities from C$211.00 to C$217.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential downside of 1.22% from the stock’s current price.

Separately, Scotiabank raised shares of FirstService from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$217.00.

FirstService Stock Up 1.0%

Shares of TSE FSV opened at C$219.68 on Thursday. FirstService has a 12 month low of C$203.88 and a 12 month high of C$290.34. The company has a current ratio of 1.81, a quick ratio of 1.25 and a debt-to-equity ratio of 136.54. The firm has a market capitalization of C$10.04 billion, a price-to-earnings ratio of 69.30, a PEG ratio of 107.75 and a beta of 0.78. The business has a 50-day moving average of C$215.59 and a 200-day moving average of C$241.42.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its earnings results on Wednesday, February 4th. The company reported C$1.88 earnings per share for the quarter. FirstService had a net margin of 2.19% and a return on equity of 10.05%. Sell-side analysts expect that FirstService 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.