Analysts Set FirstService Corporation (NASDAQ:FSV) Target Price at $211.83

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $211.8333.

Several research analysts have commented on the stock. TD Securities dropped their price objective on shares of FirstService from $213.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. BMO Capital Markets set a $209.00 target price on FirstService and gave the stock an “outperform” rating in a research report on Friday, October 24th. CIBC dropped their price target on FirstService from $225.00 to $216.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstService in a research note on Monday, December 22nd. Finally, Wall Street Zen downgraded FirstService from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th.

FirstService Trading Down 0.1%

FirstService stock opened at $155.26 on Wednesday. FirstService has a 1 year low of $147.23 and a 1 year high of $209.66. The firm’s 50 day moving average price is $156.07 and its 200-day moving average price is $174.90. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market cap of $7.10 billion, a P/E ratio of 51.41, a PEG ratio of 2.69 and a beta of 1.06.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.10 annualized dividend and a yield of 0.7%. FirstService’s dividend payout ratio (DPR) is 36.42%.

Institutional Trading of FirstService

Several hedge funds have recently made changes to their positions in FSV. JPL Wealth Management LLC purchased a new position in FirstService in the third quarter worth about $26,000. Geneos Wealth Management Inc. lifted its stake in shares of FirstService by 63.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. Strs Ohio purchased a new position in shares of FirstService in the 1st quarter worth approximately $38,000. EverSource Wealth Advisors LLC increased its position in shares of FirstService by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 292 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in FirstService by 300.0% during the 3rd quarter. Spire Wealth Management now owns 400 shares of the financial services provider’s stock valued at $76,000 after buying an additional 300 shares during the period. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

About FirstService

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.