Shares of FirstService Corp. (NASDAQ:FSV) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $44.00.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut FirstService Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th. RBC Capital Markets began coverage on FirstService Corp. in a report on Tuesday, September 20th. They issued an “outperform” rating for the company. Finally, Royal Bank Of Canada began coverage on FirstService Corp. in a research report on Tuesday, September 20th. They set an “outperform” rating and a $56.00 price target on the stock.
Shares of FirstService Corp. (NASDAQ:FSV) opened at 44.45 on Monday. FirstService Corp. has a 1-year low of $32.01 and a 1-year high of $53.15. The stock has a 50 day moving average price of $46.82 and a 200-day moving average price of $46.08. The company has a market cap of $1.60 billion, a P/E ratio of 56.84 and a beta of 0.58.
FirstService Corp. (NASDAQ:FSV) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. The firm earned $385.10 million during the quarter, compared to analysts’ expectations of $386.29 million. FirstService Corp. had a return on equity of 19.20% and a net margin of 2.09%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. Analysts predict that FirstService Corp. will post $1.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Friday, September 30th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.44 dividend on an annualized basis and a yield of 0.99%. FirstService Corp.’s payout ratio is 56.41%.
A number of hedge funds and other institutional investors have recently made changes to their positions in FSV. JPMorgan Chase & Co. raised its position in shares of FirstService Corp. by 3,998.1% in the second quarter. JPMorgan Chase & Co. now owns 4,303 shares of the company’s stock worth $197,000 after buying an additional 4,198 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of FirstService Corp. during the second quarter worth approximately $227,000. Quadrature Capital Ltd purchased a new position in shares of FirstService Corp. during the second quarter worth approximately $252,000. PineBridge Investments L.P. purchased a new position in shares of FirstService Corp. during the second quarter worth approximately $353,000. Finally, Brown Advisory Inc. raised its position in shares of FirstService Corp. by 1.2% in the second quarter. Brown Advisory Inc. now owns 7,071 shares of the company’s stock worth $324,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 55.07% of the company’s stock.
FirstService Corp. Company Profile
FirstService Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company’s operations are conducted in two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides a range of ancillary services primarily in various areas, including on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.
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