Scotiabank Issues Pessimistic Forecast for FirstService (NASDAQ:FSV) Stock Price

FirstService (NASDAQ:FSV) (TSE:FSV) had its target price cut by investment analysts at Scotiabank from $205.00 to $190.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the financial services provider’s stock. Scotiabank’s target price would indicate a potential upside of 29.80% from the stock’s previous close.

A number of other brokerages also recently issued reports on FSV. BMO Capital Markets restated an “outperform” rating and set a $202.00 price objective on shares of FirstService in a research report on Thursday, February 5th. TD Cowen lowered their price objective on FirstService from $217.00 to $201.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Wall Street Zen downgraded FirstService from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of FirstService in a report on Friday, March 27th. Finally, TD Securities set a $204.00 target price on FirstService in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.88.

FirstService Price Performance

Shares of FSV opened at $146.38 on Friday. FirstService has a 1 year low of $133.42 and a 1 year high of $209.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 4.00 and a beta of 1.09. The business has a 50-day moving average of $146.56 and a 200-day moving average of $155.07.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. FirstService had a return on equity of 18.27% and a net margin of 2.92%.The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that FirstService will post 5.73 earnings per share for the current year.

Institutional Investors Weigh In On FirstService

A number of hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its stake in FirstService by 3.0% in the third quarter. Captrust Financial Advisors now owns 247,931 shares of the financial services provider’s stock valued at $47,228,000 after acquiring an additional 7,136 shares during the period. Fenimore Asset Management Inc grew its stake in FirstService by 44.1% in the third quarter. Fenimore Asset Management Inc now owns 144,633 shares of the financial services provider’s stock valued at $27,551,000 after acquiring an additional 44,272 shares during the period. Y Intercept Hong Kong Ltd grew its stake in FirstService by 68.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 15,738 shares of the financial services provider’s stock valued at $2,998,000 after acquiring an additional 6,394 shares during the period. Jacobson & Schmitt Advisors LLC grew its stake in FirstService by 52.4% in the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 144,994 shares of the financial services provider’s stock valued at $22,551,000 after acquiring an additional 49,829 shares during the period. Finally, Citigroup Inc. grew its stake in FirstService by 527.6% in the third quarter. Citigroup Inc. now owns 37,663 shares of the financial services provider’s stock valued at $7,177,000 after acquiring an additional 31,662 shares during the period. 69.35% of the stock is currently owned by institutional investors.

FirstService News Summary

Here are the key news stories impacting FirstService this week:

• Positive Sentiment: Q1 results beat expectations — FirstService reported $0.95 EPS (vs. consensus ~ $0.89–$0.90) and $1.30B in revenue, up ~5.3% year‑over‑year. The underlying beat supports the firm’s growth profile and helps justify upside to current levels. FirstService Q1 Results (MarketBeat)
• Positive Sentiment: TD raised its price target to $204 and kept a “buy” rating, implying roughly a 39% upside from the cited current price — a vote of confidence from a major bank that can support the stock on optimism about longer‑term earnings. TD Raises Price Target to $204 (BayStreet.CA)
• Neutral Sentiment: Earnings‑call color: management balanced growth commentary with mention of headwinds, which gives investors more nuance but no clear directional change to guidance — investors will watch for how persistent those headwinds are. Earnings Call Highlights (TipRanks)
• Neutral Sentiment: Full earnings transcript is available for detail — useful for investors who want management’s exact comments on margins, cost dynamics and backlog. Q1 2026 Earnings Transcript (The Motley Fool)
• Negative Sentiment: Scotiabank cut its price target from $205 to $190 (still a “sector outperform”), trimming some analyst enthusiasm and reducing the implied upside — a target cut can pressure sentiment even when the rating remains positive. Scotiabank Lowers Target to $190 (BayStreet.CA)

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.