FirstService (TSE:FSV) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$201.29 and traded as high as C$208.11. FirstService shares last traded at C$202.35, with a volume of 77,433 shares.

Wall Street Analyst Weigh In

Separately, TD upped their price target on shares of FirstService from C$204.00 to C$207.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$212.00.

FirstService Stock Down 2.0%

The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 95.68. The company has a 50-day simple moving average of C$194.67 and a 200 day simple moving average of C$201.29. The company has a market cap of C$9.30 billion, a P/E ratio of 57.00, a P/E/G ratio of 107.75 and a beta of 0.79.

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

Insider Buying and Selling at FirstService

In other news, insider Firstservice Corporation acquired 2,372 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of C$182.30 per share, with a total value of C$432,415.60. Following the completion of the purchase, the insider directly owned 8,872 shares in the company, valued at C$1,617,365.60. This trade represents a 36.49% increase in their ownership of the stock. Insiders have purchased a total of 7,872 shares of company stock worth $1,431,216 over the last ninety days. Insiders own 10.26% of the company’s stock.

FirstService Company Profile

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.