FirstService Corporation (NASDAQ:FSV) Receives $211.83 Consensus PT from Brokerages

Shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $211.8333.

A number of research analysts have recently commented on FSV shares. CIBC reduced their price target on shares of FirstService from $225.00 to $216.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Raymond James Financial reduced their target price on FirstService from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. Stifel Nicolaus dropped their price target on FirstService from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, October 27th. Scotiabank upgraded shares of FirstService from a “sector perform” rating to a “sector outperform” rating and dropped their target price for the company from $220.00 to $205.00 in a research report on Friday, October 24th. Finally, TD Securities decreased their price target on shares of FirstService from $213.00 to $211.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th.

Hedge Funds Weigh In On FirstService

A number of hedge funds and other institutional investors have recently modified their holdings of FSV. DekaBank Deutsche Girozentrale lifted its position in FirstService by 0.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,092 shares of the financial services provider’s stock worth $1,051,000 after buying an additional 52 shares during the last quarter. Evergreen Capital Management LLC grew its position in FirstService by 5.6% during the second quarter. Evergreen Capital Management LLC now owns 1,462 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 77 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of FirstService by 63.7% during the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 79 shares in the last quarter. Vista Finance LLC lifted its holdings in shares of FirstService by 4.1% in the 2nd quarter. Vista Finance LLC now owns 2,081 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 81 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC boosted its stake in shares of FirstService by 1.1% in the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 7,583 shares of the financial services provider’s stock valued at $1,444,000 after purchasing an additional 81 shares in the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

FirstService Trading Down 0.1%

Shares of FSV opened at $155.26 on Wednesday. FirstService has a twelve month low of $147.23 and a twelve month high of $209.66. The stock has a market cap of $7.10 billion, a PE ratio of 51.41, a P/E/G ratio of 2.69 and a beta of 1.06. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.90. The business’s 50-day moving average price is $156.07 and its 200-day moving average price is $174.93.

FirstService Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 31st were 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 of this dividend was Wednesday, December 31st. FirstService’s dividend payout ratio is currently 36.42%.

FirstService Company Profile

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.