FirstService Corporation (NASDAQ:FSV) Receives $197.22 Average Price Target from Analysts

Shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $195.5556.

FSV has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price target on FirstService from $215.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, April 27th. TD Securities set a $204.00 price objective on FirstService in a research report on Friday, April 24th. Loop Capital assumed coverage on shares of FirstService in a report on Monday, May 4th. They issued a “hold” rating and a $140.00 target price for the company. Scotiabank reduced their target price on FirstService from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Weiss Ratings cut FirstService from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th.

Hedge Funds Weigh In On FirstService

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. M&T Bank Corp acquired a new position in shares of FirstService during the 4th quarter worth about $6,120,000. Captrust Financial Advisors grew its holdings in FirstService by 3.0% in the 3rd quarter. Captrust Financial Advisors now owns 247,931 shares of the financial services provider’s stock valued at $47,228,000 after buying an additional 7,136 shares during the last quarter. UBS Group AG grew its holdings in FirstService by 40.5% in the 4th quarter. UBS Group AG now owns 174,467 shares of the financial services provider’s stock valued at $27,135,000 after buying an additional 50,263 shares during the last quarter. Copeland Capital Management LLC increased its position in FirstService by 3.3% in the 4th quarter. Copeland Capital Management LLC now owns 346,042 shares of the financial services provider’s stock worth $53,820,000 after buying an additional 10,970 shares during the period. Finally, Louisbourg Investments Inc. bought a new position in FirstService in the 4th quarter worth approximately $3,837,000. Institutional investors own 69.35% of the company’s stock.

FirstService Price Performance

FSV opened at $143.06 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $6.58 billion, a P/E ratio of 40.41, a PEG ratio of 4.32 and a beta of 0.93. FirstService has a 1-year low of $119.41 and a 1-year high of $209.66. The company has a 50-day moving average of $137.15 and a 200-day moving average of $146.68.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its earnings results on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts expect that FirstService will post 5.54 EPS for the current fiscal year.

FirstService Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, June 30th. FirstService’s dividend payout ratio is currently 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.