Analysts Set FirstService Co. (NASDAQ:FSV) PT at $198.33

Shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $198.33.

FSV has been the subject of several analyst reports. TD Securities raised their price objective on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Scotiabank raised their target price on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus increased their price target on shares of FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st.

Institutional Investors Weigh In On FirstService

A number of institutional investors and hedge funds have recently bought and sold shares of FSV. The Manufacturers Life Insurance Company grew its stake in FirstService by 6.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,733,694 shares of the financial services provider’s stock worth $415,427,000 after buying an additional 174,970 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in FirstService by 1.6% in the third quarter. Conestoga Capital Advisors LLC now owns 1,449,933 shares of the financial services provider’s stock worth $264,555,000 after acquiring an additional 23,082 shares in the last quarter. William Blair Investment Management LLC increased its stake in FirstService by 0.8% in the second quarter. William Blair Investment Management LLC now owns 861,871 shares of the financial services provider’s stock valued at $131,323,000 after acquiring an additional 6,863 shares during the last quarter. Renaissance Technologies LLC raised its position in FirstService by 3.4% during the second quarter. Renaissance Technologies LLC now owns 643,388 shares of the financial services provider’s stock valued at $98,033,000 after purchasing an additional 21,100 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in FirstService by 486.3% during the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock worth $87,308,000 after purchasing an additional 389,129 shares during the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Stock Performance

NASDAQ:FSV opened at $188.05 on Monday. The company has a market capitalization of $8.51 billion, a P/E ratio of 78.35 and a beta of 1.04. The business has a fifty day simple moving average of $188.43 and a two-hundred day simple moving average of $174.16. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79. FirstService has a 1 year low of $141.26 and a 1 year high of $197.84.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.21. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.32 billion. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 EPS. On average, analysts expect that FirstService will post 4.58 earnings per share for the current year.

FirstService Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Tuesday, December 31st. FirstService’s payout ratio is 41.67%.

FirstService Company Profile

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.