Analysts Set FirstService Co. (NASDAQ:FSV) Price Target at $206.33

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $206.33.

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded FirstService from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Scotiabank dropped their target price on FirstService from $217.50 to $210.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 17th. TD Securities boosted their target price on FirstService from $198.00 to $200.00 and gave the stock a “hold” rating in a research note on Wednesday, May 7th. Finally, Raymond James boosted their target price on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th.

FirstService Stock Performance

Shares of FirstService stock opened at $171.71 on Thursday. The company has a market capitalization of $7.80 billion, a PE ratio of 57.81 and a beta of 1.04. The company has a 50-day simple moving average of $169.55 and a two-hundred day simple moving average of $178.41. FirstService has a one year low of $141.26 and a one year high of $197.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.84 by $0.08. FirstService had a net margin of 2.58% and a return on equity of 17.15%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business posted $0.67 EPS. FirstService’s revenue was up 8.0% on a year-over-year basis. Research analysts expect that FirstService will post 5.27 EPS for the current fiscal year.

FirstService Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be issued a $0.275 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.64%. FirstService’s dividend payout ratio is currently 38.06%.

Institutional Investors Weigh In On FirstService

A number of large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its position in FirstService by 1.3% in the first quarter. Allianz Asset Management GmbH now owns 5,784 shares of the financial services provider’s stock valued at $959,000 after buying an additional 76 shares during the last quarter. HighTower Advisors LLC boosted its position in FirstService by 2.8% in the first quarter. HighTower Advisors LLC now owns 3,058 shares of the financial services provider’s stock valued at $508,000 after buying an additional 84 shares during the last quarter. Diversify Wealth Management LLC raised its stake in shares of FirstService by 4.4% during the 1st quarter. Diversify Wealth Management LLC now owns 2,127 shares of the financial services provider’s stock valued at $366,000 after buying an additional 89 shares during the last quarter. Bank of Nova Scotia Trust Co. raised its stake in shares of FirstService by 1.2% during the 1st quarter. Bank of Nova Scotia Trust Co. now owns 7,394 shares of the financial services provider’s stock valued at $1,227,000 after buying an additional 90 shares during the last quarter. Finally, Berry Wealth Group LP raised its stake in shares of FirstService by 5.4% during the 4th quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider’s stock valued at $323,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors 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.