FirstService (TSE:FSV) Shares Break Below 200-Day Moving Average – Here’s What Happened

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s share price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$194.15 and traded as low as C$178.52. FirstService shares last traded at C$182.75, with a volume of 183,205 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have commented on FSV shares. Raymond James Financial dropped their price objective on shares of FirstService from C$215.00 to C$190.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. TD lowered their price objective on FirstService from C$207.00 to C$195.00 and set a “buy” rating on the stock in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$200.67.

FirstService Stock Performance

The company has a current ratio of 1.21, a quick ratio of 1.25 and a debt-to-equity ratio of 127.80. The firm has a market capitalization of C$7.99 billion, a price-to-earnings ratio of 51.85, a PEG ratio of 107.75 and a beta of 0.79. The stock’s 50 day moving average price is C$193.75 and its two-hundred day moving average price is C$194.05.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its quarterly earnings data on Thursday, July 23rd. The company reported C$2.49 EPS for the quarter. The firm had revenue of C$2.06 billion during the quarter. FirstService had a net margin of 2.90% and a return on equity of 11.98%. On average, analysts forecast that FirstService Co. will post 7.5161189 EPS for the current year.

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.