TD Securities Has Lowered Expectations for FirstService (TSE:FSV) Stock Price

FirstService (TSE:FSV) (NASDAQ:FSV) had its price target lowered by TD Securities from C$199.00 to C$197.00 in a research report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

FirstService Stock Performance

TSE:FSV opened at C$244.57 on Wednesday. The firm’s fifty day simple moving average is C$251.68 and its 200 day simple moving average is C$255.40. The company has a current ratio of 1.81, a quick ratio of 1.25 and a debt-to-equity ratio of 136.54. FirstService has a twelve month low of C$193.77 and a twelve month high of C$278.19. The firm has a market capitalization of C$7.75 billion, a price-to-earnings ratio of 71.56, a PEG ratio of 107.75 and a beta of 0.96.

Insider Activity

In other news, Director Joan Eloise Sproul sold 200 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of C$248.60, for a total value of C$49,720.00. Also, Director D. Scott Patterson sold 800 shares of FirstService stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of C$248.59, for a total transaction of C$198,868.96. Over the last quarter, insiders sold 10,000 shares of company stock worth $2,487,725. 10.26% of the stock is currently owned by corporate insiders.

FirstService Company Profile

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.