FirstService (NASDAQ:FSV) Stock Rating Upgraded by Wall Street Zen

FirstService (NASDAQ:FSV) (TSE:FSV) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

Several other analysts also recently issued reports on FSV. Stifel Nicolaus upped their price objective on FirstService from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Weiss Ratings raised FirstService from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 22nd. TD Securities reiterated a “buy” rating and set a $195.00 price objective on shares of FirstService in a research report on Friday, July 24th. BMO Capital Markets reissued an “outperform” rating and issued a $179.00 target price on shares of FirstService in a research note on Friday, October 23rd. Finally, Scotiabank restated an “outperform” rating on shares of FirstService in a report on Friday, October 23rd. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.82.

FirstService Price Performance

FSV stock opened at $153.12 on Friday. FirstService has a 1 year low of $119.41 and a 1 year high of $166.73. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.56 and a current ratio of 1.56. The stock’s 50 day moving average price is $136.63 and its 200 day moving average price is $142.17. The firm has a market cap of $6.42 billion, a P/E ratio of 46.68, a PEG ratio of 2.89 and a beta of 0.89.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.05. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. FirstService had a return on equity of 19.66% and a net margin of 2.59%. FirstService’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 EPS. On average, sell-side analysts expect that FirstService will post 5.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Hilltop National Bank lifted its holdings 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 boosted its position in shares of FirstService by 23.7% in the first quarter. Fifth Third Bancorp now owns 627 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 120 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in FirstService by 73.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 302 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 128 shares during the period. Crossmark Global Holdings Inc. grew its holdings in FirstService by 27.1% in 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 period. Finally, Diversify Wealth Management LLC grew its holdings in FirstService by 29.7% in the first quarter. Diversify Wealth Management LLC now owns 2,429 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 556 shares during the period. Hedge funds and other institutional investors own 69.35% of the company’s stock.

FirstService Company Profile

FirstService Corporation is a North American property services company operating through two primary businesses: FirstService Residential and FirstService Brands. The company serves residential communities and property owners in the United States and Canada.

FirstService Residential provides property management services to condominium and homeowner associations, as well as other residential communities. Its services include day-to-day community operations, maintenance coordination, financial administration and support for boards and residents.

FirstService Brands delivers services to homes and businesses through a network of company-owned operations and franchises.