FirstService (TSE:FSV) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

FirstService Co. (TSE:FSVGet Free Report) (NASDAQ:FSV)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$191.29 and traded as high as C$195.19. FirstService shares last traded at C$184.94, with a volume of 168,197 shares traded.

Wall Street Analyst Weigh In

Separately, TD dropped their price target on FirstService from C$217.00 to C$201.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. One research 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 currently has an average rating of “Buy” and an average price target of C$209.00.

Get Our Latest Report on FirstService

FirstService Price Performance

The firm has a market capitalization of C$8.87 billion, a P/E ratio of 54.37, a PEG ratio of 107.75 and a beta of 0.85. The business’s 50-day simple moving average is C$190.79 and its 200 day simple moving average is C$202.45. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 95.68.

FirstService (TSE:FSVGet Free Report) (NASDAQ:FSV) last announced its quarterly earnings data on Thursday, April 23rd. The company reported C$1.32 earnings per share (EPS) for the quarter. The firm 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%. Sell-side analysts forecast that FirstService Co. will post 7.5161189 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Firstservice Corporation purchased 2,372 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of C$182.30 per share, with a total value of C$432,415.60. Following the completion of the purchase, the insider directly owned 8,872 shares in the company, valued at approximately C$1,617,365.60. This represents a 36.49% increase in their ownership of the stock. Insiders acquired a total of 7,872 shares of company stock valued at $1,431,216 over the last ninety days. Company insiders own 10.26% of the company’s stock.

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.

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