FirstService Co. (NASDAQ:FSV) Receives Consensus Recommendation of “Hold” from Analysts

FirstService Co. (NASDAQ:FSVGet Rating) (TSE:FSV) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $173.80.

A number of equities research analysts have commented on FSV shares. StockNews.com cut FirstService from a “buy” rating to a “hold” rating in a report on Saturday, April 2nd. Raymond James decreased their price target on FirstService from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, April 28th. TD Securities cut their price objective on FirstService from $170.00 to $145.00 and set a “hold” rating for the company in a research report on Friday, April 29th. Zacks Investment Research lowered FirstService from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Finally, TheStreet lowered FirstService from a “b-” rating to a “c” rating in a research report on Wednesday, February 16th.

Shares of FirstService stock opened at $124.56 on Tuesday. FirstService has a one year low of $115.33 and a one year high of $202.78. The stock’s fifty day moving average is $134.46 and its 200 day moving average is $161.01. The stock has a market cap of $5.50 billion, a P/E ratio of 43.25 and a beta of 1.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.57 and a current ratio of 1.57.

FirstService (NASDAQ:FSVGet Rating) (TSE:FSV) last announced its earnings results on Wednesday, April 27th. The financial services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. FirstService had a return on equity of 16.37% and a net margin of 3.78%. During the same period in the previous year, the company posted $0.50 EPS. Analysts predict that FirstService will post 2.92 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 7th. Shareholders of record on Thursday, June 30th will be paid a $0.2025 dividend. This represents a $0.81 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, June 29th. FirstService’s payout ratio is currently 28.13%.

Institutional investors have recently bought and sold shares of the company. Ontario Teachers Pension Plan Board raised its stake in shares of FirstService by 62.3% during the third quarter. Ontario Teachers Pension Plan Board now owns 11,942 shares of the financial services provider’s stock valued at $2,157,000 after acquiring an additional 4,586 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new stake in shares of FirstService during the fourth quarter valued at approximately $435,000. Qube Research & Technologies Ltd raised its stake in FirstService by 36.6% in the fourth quarter. Qube Research & Technologies Ltd now owns 5,266 shares of the financial services provider’s stock worth $1,035,000 after buying an additional 1,410 shares in the last quarter. UMB Bank N A MO bought a new position in FirstService in the fourth quarter worth approximately $741,000. Finally, Bank of Nova Scotia raised its stake in FirstService by 486.9% in the third quarter. Bank of Nova Scotia now owns 311,050 shares of the financial services provider’s stock worth $56,227,000 after buying an additional 258,049 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

FirstService Company Profile (Get Rating)

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.

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Analyst Recommendations for FirstService (NASDAQ:FSV)

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