FirstService Corporation (FSV) – What Are Researchers Thinking About This Stock?

Shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $179.82.

Several equities research analysts have commented on FSV shares. TD Securities reiterated a “buy” rating and issued a $195.00 price objective on shares of FirstService in a research note on Friday, July 24th. TD increased their price target on FirstService from $195.00 to $203.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Raymond James Financial reiterated an “outperform” rating and set a $190.00 price target on shares of FirstService in a report on Friday, October 23rd. Wall Street Zen cut FirstService from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $144.00 price objective on shares of FirstService in a research report on Friday, July 24th.

FirstService Trading Down 1.9%

FSV opened at $148.90 on Friday. The firm has a market capitalization of $6.50 billion, a PE ratio of 45.40, a P/E/G ratio of 2.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.56 and a quick ratio of 1.63. FirstService has a fifty-two week low of $119.41 and a fifty-two week high of $166.73. The company’s 50-day moving average is $135.96 and its 200 day moving average is $142.29.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.84 by $0.05. FirstService had a return on equity of 19.66% and a net margin of 2.59%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, research analysts predict that FirstService will post 5.62 earnings per share for the current fiscal year.

FirstService Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Wednesday, September 30th were issued a $0.3050 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 30th. FirstService’s payout ratio is 37.20%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSV. Hilltop National Bank grew its stake in shares of FirstService by 4.1% during the 2nd quarter. Hilltop National Bank now owns 2,055 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 81 shares during the period. Fifth Third Bancorp raised its stake in FirstService by 23.7% in the 1st quarter. Fifth Third Bancorp now owns 627 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 120 shares during the period. Rockefeller Capital Management L.P. raised its stake in FirstService by 73.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 302 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 128 shares during the period. USS Investment Management Ltd lifted its holdings in FirstService by 1.2% during the first quarter. USS Investment Management Ltd now owns 14,890 shares of the financial services provider’s stock valued at $2,047,000 after purchasing an additional 171 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in FirstService by 27.1% during the third quarter. Crossmark Global Holdings Inc. now owns 2,286 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 488 shares during the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

About FirstService

FirstService Corporation is a Canadian provider of property management and property services serving customers primarily in the United States and Canada. The company operates through two main businesses: FirstService Residential and FirstService Brands.

FirstService Residential provides property management services for condominium and homeowners’ associations, cooperatives, and other residential communities. Its services include community administration, financial management, maintenance coordination, customer support, and related operational services.

FirstService Brands operates and supports a network of property-service businesses, including companies involved in property restoration, painting, flooring, window treatments, and other residential and commercial services.