FirstService (TSE:FSV) Stock Price Crosses Above 200-Day Moving Average on Insider Selling

Shares of FirstService Co. (TSE:FSV) (NASDAQ:FSV) crossed above its two hundred day moving average during trading on Wednesday following insider buying activity. The stock has a two hundred day moving average of C$249.36 and traded as high as C$286.18. FirstService shares last traded at C$283.71, with a volume of 102,043 shares.

Wall Street Analyst Weigh In

Separately, TD Securities increased their target price on FirstService from C$211.00 to C$214.00 and gave the company a “hold” rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$214.00.

FirstService Stock Performance

The company has a market cap of C$12.92 billion, a price-to-earnings ratio of 90.93, a price-to-earnings-growth ratio of 107.75 and a beta of 0.95. The company has a debt-to-equity ratio of 136.54, a current ratio of 1.81 and a quick ratio of 1.25. The stock has a 50-day moving average price of C$265.28 and a 200 day moving average price of C$249.36.

FirstService Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 30th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.4%. FirstService’s dividend payout ratio is presently 33.65%.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue.