FirstService (TSE:FSV) Price Target Raised to C$207.00

FirstService (TSE:FSV) (NASDAQ:FSV) had its price objective upped by stock analysts at TD from C$204.00 to C$207.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price objective suggests a potential upside of 0.27% from the company’s current price.

FirstService Stock Up 1.6%

Shares of FSV stock traded up C$3.31 during midday trading on Tuesday, reaching C$206.45. 22,282 shares of the stock were exchanged, compared to its average volume of 132,052. FirstService has a 1 year low of C$169.60 and a 1 year high of C$290.34. The company’s 50 day moving average is C$191.45 and its two-hundred day moving average is C$201.60. 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 firm has a market cap of C$9.49 billion, a PE ratio of 58.15, a price-to-earnings-growth ratio of 107.75 and a beta of 0.79.

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

Insider Activity at FirstService

In other FirstService news, insider Firstservice Corporation bought 2,372 shares of FirstService stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of C$182.30 per share, with a total value of C$432,415.60. Following the transaction, the insider directly owned 8,872 shares of the company’s stock, valued at C$1,617,365.60. This represents a 36.49% increase in their ownership of the stock. In the last quarter, insiders have acquired 7,872 shares of company stock worth $1,431,216. 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.