FirstService (NASDAQ:FSV) Price Target Cut to $200.00 by Analysts at Stifel Nicolaus

FirstService (NASDAQ:FSV) (TSE:FSV) had its price target reduced by Stifel Nicolaus from $215.00 to $200.00 in a research note published on Monday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research analysts have also commented on FSV. BMO Capital Markets restated an “outperform” rating and issued a $202.00 price objective on shares of FirstService in a research note on Thursday, February 5th. Scotiabank dropped their price objective on shares of FirstService from $205.00 to $190.00 and set a “sector outperform” rating on the stock in a research note on Friday. TD Cowen dropped their price objective on shares of FirstService from $217.00 to $201.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. TD Securities set a $204.00 price objective on shares of FirstService in a research note on Friday. Finally, TD lifted their price objective on shares of FirstService from $201.00 to $204.00 and gave the company a “buy” rating in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.00.

FirstService Trading Up 0.3%

NASDAQ FSV opened at $146.80 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.73 and a current ratio of 1.62. The firm has a market cap of $6.75 billion, a PE ratio of 41.47, a P/E/G ratio of 3.93 and a beta of 1.09. FirstService has a one year low of $133.42 and a one year high of $209.66. The firm’s fifty day moving average is $146.40 and its two-hundred day moving average is $154.59.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. FirstService had a net margin of 2.92% and a return on equity of 16.45%. FirstService’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. Analysts expect that FirstService will post 5.73 earnings per share for the current year.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Tuesday, March 31st were issued a $0.305 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from FirstService’s previous quarterly dividend of $0.28. This represents a $1.22 annualized dividend and a dividend yield of 0.8%. FirstService’s payout ratio is presently 34.46%.

Institutional Trading of FirstService

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPL Wealth Management LLC purchased a new stake in shares of FirstService in the third quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of FirstService by 88.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 81 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of FirstService by 63.7% in the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 79 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in FirstService during the fourth quarter worth about $34,000. Finally, Strs Ohio purchased a new stake in FirstService during the first quarter worth about $38,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.

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.