FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) had its target price increased by analysts at TD from $204.00 to $207.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. TD’s target price indicates a potential upside of 42.22% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. TD Securities set a $204.00 price objective on FirstService in a research report on Friday, April 24th. Scotiabank decreased their price target on FirstService from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. TD Cowen restated a “buy” rating and issued a $204.00 price target on shares of FirstService in a report on Wednesday, June 3rd. Weiss Ratings downgraded shares of FirstService from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Finally, Wall Street Zen upgraded shares of FirstService from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, FirstService presently has an average rating of “Moderate Buy” and a consensus target price of $195.89.
Read Our Latest Stock Report on FSV
FirstService Trading Up 1.6%
FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. FirstService had a return on equity of 17.91% and a net margin of 2.92%.The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.92 EPS. FirstService’s revenue was up 5.3% on a year-over-year basis. On average, research analysts anticipate that FirstService will post 5.55 earnings per share for the current fiscal year.
Institutional Investors Weigh In On FirstService
Institutional investors have recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in shares of FirstService in the 3rd quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its position in FirstService by 88.0% during 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 acquired a new stake in FirstService during the 4th quarter worth approximately $34,000. Geneos Wealth Management Inc. raised its holdings in FirstService by 63.7% in the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after buying an additional 79 shares during the period. Finally, Strs Ohio acquired a new position in FirstService during the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.
About FirstService
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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