FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV)‘s stock had its “buy” rating reaffirmed by TD Cowen in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $204.00 price objective on the financial services provider’s stock. TD Cowen’s price objective indicates a potential upside of 49.56% from the stock’s previous close.
FSV has been the topic of several other reports. BMO Capital Markets reiterated an “outperform” rating and issued a $202.00 price target on shares of FirstService in a research report on Thursday, February 5th. Scotiabank dropped their price target on shares of FirstService from $205.00 to $190.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 24th. TD Securities set a $204.00 price target on shares of FirstService in a research report on Friday, April 24th. TD boosted their price target on shares of FirstService from $201.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $197.22.
Check Out Our Latest Stock Report on FirstService
FirstService Stock Performance
FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. FirstService had a net margin of 2.92% and a return on equity of 17.91%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Sell-side analysts anticipate that FirstService will post 5.54 earnings per share for the current fiscal year.
Hedge Funds Weigh In On FirstService
Institutional investors have recently bought and sold shares of the stock. JPL Wealth Management LLC purchased a new position in FirstService in the 3rd quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its stake in FirstService by 88.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 81 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in FirstService in the 4th quarter worth about $34,000. Geneos Wealth Management Inc. increased its stake in FirstService by 63.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 79 shares in the last quarter. Finally, Strs Ohio purchased a new position in FirstService in the 1st 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.
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