FirstService (TSE:FSV) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Shares of FirstService Co. (TSE:FSV – Get Free Report) (NASDAQ:FSV) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$203.81 and traded as low as C$197.06. FirstService shares last traded at C$200.25, with a volume of 169,507 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD cut their price target on shares of FirstService from C$217.00 to C$201.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat, FirstService presently has a consensus rating of “Buy” and an average price target of C$209.00.

Get FirstService alerts:

Read Our Latest Research Report on FSV

FirstService Price Performance

The stock’s fifty day moving average price is C$191.65 and its 200-day moving average price is C$203.81. The firm has a market cap of C$9.21 billion, a price-to-earnings ratio of 56.41, a P/E/G ratio of 107.75 and a beta of 0.85. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 95.68.

FirstService (TSE:FSV – Get Free Report) (NASDAQ:FSV) last announced its quarterly earnings results on Thursday, April 23rd. The company reported C$1.32 earnings per share (EPS) for the quarter. The business had revenue of C$1.83 billion during the quarter. FirstService had a net margin of 2.93% and a return on equity of 12.11%. As a group, equities research analysts forecast that FirstService Co. will post 7.5161189 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Firstservice Corporation bought 2,372 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of C$182.30 per share, for a total transaction of C$432,415.60. Following the acquisition, the insider owned 8,872 shares of the company’s stock, valued at approximately C$1,617,365.60. This trade represents a 36.49% increase in their ownership of the stock. In the last three months, insiders have purchased 7,872 shares of company stock valued at $1,431,216. 10.26% of the stock is currently owned by company insiders.

FirstService Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than FirstService
• SpaceX Rings the Bell and Shatters Every Record
• Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
• 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
• The 127-Gigawatt Problem: Why AI Needs Its Own Power

Receive News & Ratings for FirstService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstService and related companies with MarketBeat.com's FREE daily email newsletter.