FirstService Corporation (NASDAQ:FSV) Receives $184.20 Consensus Target Price from Brokerages

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $184.20.

A number of equities analysts have commented on FSV shares. Loop Capital began coverage on shares of FirstService in a research note on Monday, May 4th. They issued a “hold” rating and a $140.00 price objective for the company. TD Securities reaffirmed a “buy” rating and issued a $195.00 price target on shares of FirstService in a report on Friday, July 24th. Wall Street Zen lowered FirstService from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $144.00 price objective on shares of FirstService in a research note on Friday, July 24th. Finally, Scotiabank set a $170.00 price objective on FirstService in a research report on Friday, July 24th.

Hedge Funds Weigh In On FirstService

Large investors have recently modified their holdings of the stock. JPL Wealth Management LLC bought a new stake in FirstService in the third quarter worth $26,000. Caitong International Asset Management Co. Ltd increased its position in FirstService by 88.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 81 shares during the last quarter. Kestra Advisory Services LLC bought a new position in FirstService during the fourth quarter valued at $34,000. Geneos Wealth Management Inc. raised its stake in shares of FirstService by 63.7% in the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 79 shares during the period. Finally, Strs Ohio purchased a new stake in shares of FirstService in the first quarter valued at $38,000. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Up 0.7%

NASDAQ FSV opened at $144.49 on Friday. The stock has a 50 day moving average price of $141.99 and a 200-day moving average price of $143.16. FirstService has a one year low of $119.41 and a one year high of $209.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $6.31 billion, a P/E ratio of 40.93, a P/E/G ratio of 3.20 and a beta of 0.93.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.04. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. FirstService had a net margin of 2.88% and a return on equity of 18.07%. FirstService’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.71 earnings per share. As a group, equities analysts predict that FirstService will post 5.61 EPS for the current fiscal year.

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.