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

FirstService Co. (TSE:FSV) (NASDAQ:FSV) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$204.42 and traded as low as C$190.76. FirstService shares last traded at C$193.87, with a volume of 199,793 shares changing hands.

Analyst Ratings Changes

FSV has been the subject of a number of analyst reports. TD cut their target price on FirstService from C$217.00 to C$201.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. TD Securities lifted their price target on FirstService from C$211.00 to C$217.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$209.00.

FirstService Stock Performance

The company has a debt-to-equity ratio of 95.68, a current ratio of 1.26 and a quick ratio of 1.25. The company has a market capitalization of C$8.91 billion, a PE ratio of 54.61, a P/E/G ratio of 107.75 and a beta of 0.85. The stock has a 50-day simple moving average of C$190.79 and a 200 day simple moving average of C$204.42.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its quarterly earnings results on Thursday, April 23rd. The company reported C$1.32 earnings per share for the quarter. FirstService had a return on equity of 12.11% and a net margin of 2.93%.The business had revenue of C$1.83 billion during the quarter. Equities analysts anticipate that FirstService Co. will post 7.5161189 EPS for the current fiscal year.

Insiders Place Their Bets

In other FirstService news, insider Firstservice Corporation bought 2,500 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of C$181.90 per share, for a total transaction of C$454,750.00. Following the completion of the transaction, the insider owned 16,872 shares in the company, valued at approximately C$3,069,016.80. The trade was a 17.39% increase in their position. In the last ninety days, insiders have bought 7,872 shares of company stock worth $1,431,216. Company insiders own 10.26% of the company’s stock.

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.