FirstService (TSE:FSV) Share Price Passes Above 50-Day Moving Average – Here’s Why

Shares of FirstService Co. (TSE:FSV) (NASDAQ:FSV) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$191.29 and traded as high as C$195.19. FirstService shares last traded at C$184.94, with a volume of 168,197 shares.

Wall Street Analyst Weigh In

Separately, TD decreased their price objective on FirstService from C$217.00 to C$201.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, FirstService presently has a consensus rating of “Buy” and a consensus target price of C$209.00.

FirstService Stock Down 4.1%

The stock has a fifty day moving average price of C$191.29 and a 200 day moving average price of C$202.81. 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 stock has a market capitalization of C$8.50 billion, a P/E ratio of 52.10, a price-to-earnings-growth ratio of 107.75 and a beta of 0.85.

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

Insiders Place Their Bets

In related news, insider Firstservice Corporation purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of C$181.90 per share, for a total transaction of C$454,750.00. Following the completion of the transaction, the insider directly owned 16,872 shares in the company, valued at approximately C$3,069,016.80. This represents a 17.39% increase in their position. Over the last ninety days, insiders bought 7,872 shares of company stock worth $1,431,216. 10.26% of the stock is owned by insiders.

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.