FirstService (TSE:FSV) Share Price Crosses Above Two Hundred Day Moving Average of $196.03

FirstService Co. (TSE:FSV) (NASDAQ:FSV) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$196.03 and traded as high as C$205.37. FirstService shares last traded at C$203.92, with a volume of 59,508 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their target price on shares of FirstService from C$165.00 to C$173.00 and gave the stock an “outperform” rating in a report on Friday, July 28th.

FirstService Trading Up 0.6 %

The company has a debt-to-equity ratio of 84.30, a current ratio of 1.79 and a quick ratio of 1.25. The business has a 50-day moving average of C$203.04 and a 200-day moving average of C$196.03. The firm has a market cap of C$9.09 billion, a price-to-earnings ratio of 50.35, a P/E/G ratio of 107.75 and a beta of 0.99.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings data on Thursday, July 27th. The company reported C$1.83 earnings per share for the quarter, topping the consensus estimate of C$1.69 by C$0.14. The company had revenue of C$1.50 billion for the quarter, compared to analyst estimates of C$1.48 billion. FirstService had a net margin of 3.25% and a return on equity of 14.19%. Research analysts anticipate that FirstService Co. will post 6.1920761 EPS for the current year.

Insider Activity at FirstService

In related news, Senior Officer Jeremy Alan Rakusin sold 2,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of C$154.50, for a total value of C$309,000.00. 11.29% of the stock is owned by company insiders.

About FirstService

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.