FirstService Corporation (NASDAQ:FSV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $211.8333.

FSV has been the topic of a number of recent research reports. BMO Capital Markets set a $209.00 target price on FirstService and gave the company an “outperform” rating in a research report on Friday, October 24th. TD Securities dropped their price objective on FirstService from $213.00 to $211.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Scotiabank upgraded shares of FirstService from a “sector perform” rating to a “sector outperform” rating and lowered their target price for the stock from $220.00 to $205.00 in a report on Friday, October 24th. CIBC cut their price target on shares of FirstService from $225.00 to $216.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Finally, Raymond James Financial lowered their price objective on shares of FirstService from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Monday, October 27th.

FirstService Trading Down 2.9%

FSV opened at $150.99 on Friday. FirstService has a fifty-two week low of $147.23 and a fifty-two week high of $209.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 50.00, a price-to-earnings-growth ratio of 2.67 and a beta of 1.06. The firm has a 50 day simple moving average of $154.70 and a 200 day simple moving average of $177.37.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.76. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. FirstService had a return on equity of 17.98% and a net margin of 2.53%.The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 earnings per share. On average, sell-side analysts anticipate that FirstService will post 5.27 earnings per share for the current year.

FirstService Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 31st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 31st. FirstService’s dividend payout ratio is 36.42%.

Hedge Funds Weigh In On FirstService

Several large investors have recently modified their holdings of FSV. Northern Trust Corp grew its position in shares of FirstService by 14.0% in the first quarter. Northern Trust Corp now owns 73,509 shares of the financial services provider’s stock valued at $12,199,000 after purchasing an additional 9,013 shares during the last quarter. State of Wyoming increased its position in FirstService by 11.1% during the 1st quarter. State of Wyoming now owns 621 shares of the financial services provider’s stock worth $103,000 after buying an additional 62 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of FirstService by 153.3% during the first quarter. Cubist Systematic Strategies LLC now owns 14,078 shares of the financial services provider’s stock worth $2,337,000 after buying an additional 8,520 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its stake in FirstService by 9.1% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 22,117 shares of the financial services provider’s stock worth $3,660,000 after purchasing an additional 1,846 shares in the last quarter. Finally, Amundi boosted its stake in shares of FirstService by 7.4% in the first quarter. Amundi now owns 72,134 shares of the financial services provider’s stock valued at $12,047,000 after buying an additional 4,972 shares during the period. 69.35% of the stock is owned by institutional investors.

About FirstService

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.