FirstService (TSE:FSV) Shares Cross Below 200 Day Moving Average – Time to Sell?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$248.10 and traded as low as C$209.98. FirstService shares last traded at C$212.92, with a volume of 207,911 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Scotiabank upgraded shares of FirstService from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. TD Securities decreased their price target on shares of FirstService from C$213.00 to C$211.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$211.00.

FirstService Stock Up 1.1%

The company has a market capitalization of C$9.70 billion, a PE ratio of 70.27, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96. The company’s fifty day moving average is C$225.81 and its 200-day moving average is C$248.10. The company has a debt-to-equity ratio of 136.54, a quick ratio of 1.25 and a current ratio of 1.81.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its quarterly earnings results on Thursday, October 23rd. The company reported C$1.76 earnings per share for the quarter. The business had revenue of C$2.02 billion for the quarter. FirstService had a net margin of 2.19% and a return on equity of 10.05%. As a group, analysts predict that FirstService Co. will post 7.5161189 EPS for the current fiscal year.

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.