FirstService (TSE:FSV) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of FirstService Co. (TSE:FSV) (NASDAQ:FSV) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$204.42 and traded as low as C$190.76. FirstService shares last traded at C$193.87, with a volume of 199,793 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. 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 report on Tuesday, April 14th. TD Securities upped their price objective on FirstService from C$211.00 to C$217.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$209.00.

FirstService Trading Up 1.8%

The business’s fifty day moving average price is C$190.79 and its 200 day moving average price is C$204.42. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 95.68. The firm has a market capitalization of C$8.91 billion, a PE ratio of 54.61, a P/E/G ratio of 107.75 and a beta of 0.85.

FirstService (TSE:FSV) (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. FirstService had a net margin of 2.93% and a return on equity of 12.11%. The business had revenue of C$1.83 billion for the quarter. As a group, analysts expect that FirstService Co. will post 7.5161189 EPS for the current fiscal year.

Insider Buying and Selling at FirstService

In other FirstService news, insider Firstservice Corporation purchased 2,500 shares of FirstService stock in a transaction on Thursday, April 30th. The shares were bought at an average price of C$181.90 per share, with a total value of C$454,750.00. Following the purchase, the insider directly owned 16,872 shares in the company, valued at C$3,069,016.80. This trade represents a 17.39% increase in their position. Over the last 90 days, insiders acquired 7,872 shares of company stock worth $1,431,216. Corporate insiders own 10.26% of the company’s stock.

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. 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.