FirstService (TSE:FSV) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of FirstService Co. (TSE:FSV) (NASDAQ:FSV) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$246.90 and traded as low as C$212.06. FirstService shares last traded at C$214.20, with a volume of 22,912 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FSV. TD Securities dropped their target price on 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. Scotiabank raised shares of FirstService from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. One 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, FirstService currently has an average rating of “Strong Buy” and a consensus target price of C$211.00.

FirstService Trading Up 1.0%

The company has a market cap of C$9.76 billion, a price-to-earnings ratio of 70.69, a P/E/G ratio of 107.75 and a beta of 0.96. The company has a debt-to-equity ratio of 136.54, a quick ratio of 1.25 and a current ratio of 1.81. The firm has a fifty day moving average price of C$220.44 and a 200 day moving average price of C$246.90.

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

FirstService Company Profile

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. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.