Analysts Set FirstService Corporation (NASDAQ:FSV) Target Price at $184.20

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat.com reports. Four 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 analysts that have updated their coverage on the stock in the last year is $184.20.

A number of equities analysts have weighed in on FSV shares. Wall Street Zen lowered FirstService from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. TD Securities reiterated a “buy” rating and set a $195.00 target price on shares of FirstService in a research note on Friday, July 24th. TD increased their price target on FirstService from $204.00 to $207.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. TD Cowen reiterated a “buy” rating and issued a $204.00 price objective on shares of FirstService in a research note on Wednesday, June 3rd. Finally, Scotiabank set a $170.00 target price on FirstService in a research report on Friday, July 24th.

Institutional Trading of FirstService

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in shares of FirstService in the fourth quarter worth $85,597,000. Conestoga Capital Advisors LLC increased its holdings in FirstService by 19.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,405,564 shares of the financial services provider’s stock valued at $195,289,000 after acquiring an additional 233,043 shares during the last quarter. SEB Asset Management AB purchased a new stake in FirstService in the 1st quarter worth $31,487,000. Janus Henderson Group PLC boosted its holdings in shares of FirstService by 16.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,587,454 shares of the financial services provider’s stock valued at $220,560,000 after purchasing an additional 219,890 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of FirstService by 46.4% during the 4th quarter. TD Asset Management Inc now owns 421,603 shares of the financial services provider’s stock valued at $65,645,000 after purchasing an additional 133,632 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors.

FirstService Stock Performance

Shares of FSV opened at $135.31 on Thursday. The business’s fifty day simple moving average is $142.17 and its two-hundred day simple moving average is $141.22. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.03. FirstService has a 12 month low of $119.41 and a 12 month high of $205.99. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 38.33, a P/E/G ratio of 3.05 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.04. FirstService had a return on equity of 18.07% and a net margin of 2.88%.The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted $1.71 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Research analysts anticipate that FirstService will post 5.61 earnings per share for the current fiscal year.

FirstService Company Profile

FirstService Corporation is a property services company serving residential and commercial property owners, residents, and businesses primarily in the United States and Canada. The company operates through two main divisions: FirstService Residential and FirstService Brands.

FirstService Residential provides property management services for condominium, cooperative, homeowners, and other residential communities. Its services include community association management, property maintenance, financial administration, compliance support, and resident services.

FirstService Brands operates a network of service businesses that support property repair, maintenance, improvement, and restoration.