FirstService Co. (NASDAQ:FSV) Receives Average Recommendation of “Moderate Buy” from Analysts

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $189.33.

A number of equities research analysts have recently commented on the company. Royal Bank of Canada raised their price target on FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. BMO Capital Markets boosted their price target on FirstService from $193.00 to $196.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. TD Securities raised their price objective on shares of FirstService from $174.00 to $178.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Finally, Scotiabank raised their price target on shares of FirstService from $175.00 to $190.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th.

FirstService Stock Performance

NASDAQ:FSV opened at $180.05 on Friday. FirstService has a 1 year low of $134.77 and a 1 year high of $180.57. The stock has a market capitalization of $8.10 billion, a P/E ratio of 89.13 and a beta of 1.05. The company has a current ratio of 1.78, a quick ratio of 2.00 and a debt-to-equity ratio of 1.23. The firm has a 50 day moving average of $166.26 and a 200-day moving average of $159.79.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.10. FirstService had a net margin of 1.73% and a return on equity of 15.60%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’s revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts anticipate that FirstService will post 4.32 EPS for the current fiscal year.

Hedge Funds Weigh In On FirstService

Several institutional investors and hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new position in FirstService during the 4th quarter valued at about $39,000. Spire Wealth Management purchased a new position in shares of FirstService in the fourth quarter worth $40,000. Accent Capital Management LLC bought a new position in shares of FirstService during the fourth quarter valued at about $40,000. Blue Trust Inc. lifted its holdings in FirstService by 8,066.7% in the 2nd quarter. Blue Trust Inc. now owns 245 shares of the financial services provider’s stock worth $41,000 after buying an additional 242 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in FirstService by 35.0% in the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 91 shares in the last quarter. 69.35% of the stock is owned by institutional investors.

About FirstService

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.