FirstService (TSE:FSV) Price Target Cut to C$201.00 by Analysts at TD

FirstService (TSE:FSV) (NASDAQ:FSV) had its price objective trimmed by TD from C$217.00 to C$201.00 in a research report report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, TD Securities upped their target price on FirstService from C$211.00 to C$217.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$209.00.

FirstService Price Performance

Shares of FSV opened at C$205.44 on Tuesday. FirstService has a 12-month low of C$182.98 and a 12-month high of C$290.34. The business has a 50-day simple moving average of C$203.26 and a two-hundred day simple moving average of C$217.30. The company has a quick ratio of 1.25, a current ratio of 15.15 and a debt-to-equity ratio of 100.79. The stock has a market cap of C$9.45 billion, a PE ratio of 64.81, a PEG ratio of 107.75 and a beta of 0.85.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its earnings results on Wednesday, February 4th. The company reported C$1.88 earnings per share (EPS) for the quarter. FirstService had a return on equity of 11.33% and a net margin of 2.65%.The business had revenue of C$1.82 billion during the quarter. Analysts anticipate that FirstService will post 7.5161189 earnings per share for the current fiscal year.

Insider Activity at FirstService

In other FirstService news, Director D. Scott Patterson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of C$214.00, for a total value of C$2,140,000.00. Following the sale, the director owned 135,000 shares in the company, valued at approximately C$28,890,000. The trade was a 6.90% decrease in their position. In the last 90 days, insiders sold 24,700 shares of company stock valued at $5,296,022. Insiders own 10.26% of the company’s stock.

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.