FirstService (TSE:FSV) Price Target Raised to C$207.00

FirstService (TSE:FSV) (NASDAQ:FSV) had its target price upped by TD from C$204.00 to C$207.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

FirstService Stock Up 2.7%

Shares of FSV opened at C$212.12 on Tuesday. FirstService has a 52 week low of C$169.60 and a 52 week high of C$290.34. The stock has a market capitalization of C$9.75 billion, a price-to-earnings ratio of 59.75, a PEG ratio of 107.75 and a beta of 0.79. The company has a debt-to-equity ratio of 95.68, a quick ratio of 1.25 and a current ratio of 1.26. The stock has a fifty day moving average of C$193.19 and a 200-day moving average of C$201.46.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings data on Thursday, April 23rd. The company reported C$1.32 earnings per share for the quarter. The company had revenue of C$1.83 billion for the quarter. FirstService had a return on equity of 12.11% and a net margin of 2.93%. As a group, sell-side analysts anticipate that FirstService will post 7.5161189 earnings per share for the current fiscal year.

Insider Activity at FirstService

In other news, insider Firstservice Corporation purchased 2,372 shares of FirstService stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of C$182.30 per share, for a total transaction of C$432,415.60. Following the completion of the acquisition, the insider owned 8,872 shares in the company, valued at approximately C$1,617,365.60. This trade represents a 36.49% increase in their position. Insiders bought 7,872 shares of company stock worth $1,431,216 over the last quarter. Company insiders own 10.26% of the company’s stock.

About FirstService

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.