FirstService’s (FSV) “Maintains” Rating Reiterated at BMO Capital Markets

BMO Capital Markets reaffirmed their maintains rating on shares of FirstService (NASDAQ:FSVGet Rating) (TSE:FSV) in a research report released on Thursday morning, Benzinga reports.

FSV has been the subject of several other research reports. Raymond James dropped their price objective on FirstService from $200.00 to $175.00 and set an outperform rating for the company in a report on Thursday, April 28th. TD Securities lowered their target price on FirstService from $170.00 to $145.00 and set a hold rating for the company in a research note on Friday, April 29th. Finally, StockNews.com cut FirstService from a buy rating to a hold rating in a research note on Saturday, April 2nd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, FirstService presently has a consensus rating of Hold and a consensus target price of $172.80.

FirstService Trading Up 1.5 %

NASDAQ FSV opened at $133.84 on Thursday. FirstService has a fifty-two week low of $112.64 and a fifty-two week high of $202.78. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a 50 day simple moving average of $124.41 and a two-hundred day simple moving average of $134.92. The stock has a market cap of $5.91 billion, a P/E ratio of 46.47 and a beta of 1.00.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Thursday, June 30th were given a dividend of $0.2025 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.81 annualized dividend and a dividend yield of 0.61%. FirstService’s dividend payout ratio (DPR) is currently 28.13%.

Institutional Investors Weigh In On FirstService

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. lifted its position in FirstService by 372.0% in the first quarter. First Horizon Advisors Inc. now owns 236 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 186 shares during the last quarter. WASHINGTON TRUST Co acquired a new position in shares of FirstService during the fourth quarter worth about $39,000. GHP Investment Advisors Inc. acquired a new position in shares of FirstService during the first quarter worth about $60,000. Power Corp of Canada acquired a new position in shares of FirstService during the first quarter worth about $60,000. Finally, Fifth Third Bancorp increased its stake in shares of FirstService by 33.3% during the fourth 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.

About FirstService

(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.

Further Reading

Analyst Recommendations for FirstService (NASDAQ:FSV)

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