FirstService Co. (NASDAQ:FSV – Get Rating) (TSE:FSV) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $172.80.
Several equities research analysts have recently commented on the stock. TD Securities dropped their target price on shares of FirstService from $145.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday. Raymond James decreased their target price on shares of FirstService from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday, April 28th. StockNews.com cut shares of FirstService from a “buy” rating to a “hold” rating in a report on Saturday, April 2nd. Finally, BMO Capital Markets reiterated a “maintains” rating on shares of FirstService in a research note on Thursday.
Institutional Trading of FirstService
Several hedge funds have recently modified their holdings of FSV. Russell Investments Group Ltd. raised its position in FirstService by 252.9% during the 4th quarter. Russell Investments Group Ltd. now owns 11,126 shares of the financial services provider’s stock worth $2,189,000 after buying an additional 7,973 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of FirstService during the 4th quarter worth $641,000. Qube Research & Technologies Ltd raised its holdings in shares of FirstService by 36.6% during the 4th quarter. Qube Research & Technologies Ltd now owns 5,266 shares of the financial services provider’s stock worth $1,035,000 after acquiring an additional 1,410 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of FirstService by 80.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,090 shares of the financial services provider’s stock worth $3,118,000 after acquiring an additional 7,149 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of FirstService by 33.3% during the 4th quarter. Fifth Third Bancorp now owns 436 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 109 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.
FirstService Trading Up 1.5 %
FirstService (NASDAQ:FSV – Get Rating) (TSE:FSV) last announced its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $834.57 million during the quarter, compared to the consensus estimate of $793.61 million. FirstService had a return on equity of 16.37% and a net margin of 3.78%. During the same period last year, the business earned $0.50 EPS. On average, research analysts anticipate that FirstService will post 2.92 EPS for the current year.
FirstService Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.2025 per share. This represents a $0.81 annualized dividend and a yield of 0.61%. The ex-dividend date was Wednesday, June 29th. FirstService’s payout ratio is 28.13%.
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.
- Get a free copy of the StockNews.com research report on FirstService (FSV)
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