FirstService Co. (NASDAQ:FSV) Given Average Rating of “Moderate Buy” by Analysts

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $189.33.

FSV has been the topic of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of FirstService from $187.00 to $192.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. TD Securities raised their price objective on FirstService from $174.00 to $178.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Scotiabank boosted their target price on shares of FirstService from $175.00 to $190.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Finally, BMO Capital Markets raised their price target on shares of FirstService from $193.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, June 7th.

FirstService Stock Performance

Shares of NASDAQ:FSV opened at $180.05 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.00 and a current ratio of 1.78. The firm has a market cap of $8.10 billion, a PE ratio of 89.13 and a beta of 1.05. The firm’s 50 day simple moving average is $166.26 and its 200-day simple moving average is $159.79. FirstService has a one year low of $134.77 and a one year high of $180.57.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.10. FirstService had a return on equity of 15.60% and a net margin of 1.73%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities analysts predict that FirstService will post 4.32 EPS for the current year.

Hedge Funds Weigh In On FirstService

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quotient Wealth Partners LLC purchased a new position in shares of FirstService during the 4th quarter valued at about $909,000. TD Asset Management Inc lifted its position in shares of FirstService by 8.9% during the 4th quarter. TD Asset Management Inc now owns 250,577 shares of the financial services provider’s stock valued at $40,739,000 after buying an additional 20,397 shares in the last quarter. Toronto Dominion Bank grew its stake in FirstService by 68.0% in the 1st quarter. Toronto Dominion Bank now owns 68,856 shares of the financial services provider’s stock valued at $11,416,000 after acquiring an additional 27,871 shares during the period. Norden Group LLC acquired a new position in FirstService during the first quarter worth $862,000. Finally, LM Advisors LLC acquired a new position in FirstService during the fourth quarter worth $15,557,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Company Profile

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. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers 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.