FirstService Co. (NASDAQ:FSV) Receives $198.33 Consensus PT from Brokerages

Shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $198.33.

FSV has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their price target on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. TD Securities boosted their target price on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Scotiabank upped their price objective on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th.

FirstService Price Performance

FSV stock opened at $181.61 on Friday. The company’s 50-day moving average price is $187.78 and its two-hundred day moving average price is $178.07. The firm has a market cap of $8.22 billion, a P/E ratio of 75.67 and a beta of 1.04. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13. FirstService has a 12 month low of $141.26 and a 12 month high of $197.84.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.21. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm posted $1.18 earnings per share. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, analysts anticipate that FirstService will post 4.58 earnings per share for the current fiscal year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. FirstService’s dividend payout ratio (DPR) is presently 41.67%.

Hedge Funds Weigh In On FirstService

A number of hedge funds have recently modified their holdings of the business. Versant Capital Management Inc acquired a new position in shares of FirstService in the fourth quarter worth approximately $29,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FirstService in the 3rd quarter worth approximately $53,000. Benjamin Edwards Inc. boosted its stake in shares of FirstService by 35.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 91 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of FirstService during the third quarter worth $66,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in FirstService by 49.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock worth $63,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

About FirstService

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.