FirstService Corporation (NASDAQ:FSV) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $196.8889.

FSV has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Stifel Nicolaus reduced their price target on shares of FirstService from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, April 27th. BMO Capital Markets reiterated an “outperform” rating and issued a $202.00 price target on shares of FirstService in a research note on Thursday, February 5th. TD Cowen reduced their price target on shares of FirstService from $217.00 to $201.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, TD Securities set a $204.00 price target on shares of FirstService in a research note on Friday, April 24th.

Hedge Funds Weigh In On FirstService

A number of institutional investors and hedge funds have recently made changes to their positions in FSV. M&T Bank Corp purchased a new position in FirstService during the fourth quarter valued at approximately $6,120,000. Captrust Financial Advisors lifted its holdings in FirstService by 3.0% during the third quarter. Captrust Financial Advisors now owns 247,931 shares of the financial services provider’s stock valued at $47,228,000 after purchasing an additional 7,136 shares in the last quarter. UBS Group AG lifted its holdings in FirstService by 40.5% during the fourth quarter. UBS Group AG now owns 174,467 shares of the financial services provider’s stock valued at $27,135,000 after purchasing an additional 50,263 shares in the last quarter. Louisbourg Investments Inc. purchased a new position in FirstService during the fourth quarter valued at approximately $3,837,000. Finally, Jacobson & Schmitt Advisors LLC lifted its holdings in FirstService by 52.4% during the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 144,994 shares of the financial services provider’s stock valued at $22,551,000 after purchasing an additional 49,829 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

FirstService Stock Performance

Shares of FSV stock opened at $134.25 on Tuesday. The company has a 50 day moving average price of $138.39 and a 200-day moving average price of $148.87. FirstService has a 52 week low of $119.41 and a 52 week high of $209.66. The firm has a market capitalization of $6.17 billion, a PE ratio of 37.92, a P/E/G ratio of 4.08 and a beta of 0.97. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.74.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. FirstService had a net margin of 2.92% and a return on equity of 17.91%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts expect that FirstService will post 5.54 earnings per share for the current year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th will be issued a $0.305 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.9%. FirstService’s dividend payout ratio (DPR) is presently 34.46%.

FirstService Company Profile

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.