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

Shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $198.33.

FSV has been the subject of a number of recent research reports. TD Securities boosted their target price on shares of FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Royal Bank of Canada raised their target price on shares of FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Scotiabank increased their price target on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus increased their target price on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st.

FirstService Stock Performance

Shares of FSV stock opened at $183.91 on Thursday. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 76.63 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79. FirstService has a 52 week low of $141.26 and a 52 week high of $192.71. The company has a 50-day simple moving average of $184.04 and a 200 day simple moving average of $168.67.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.42 by $0.21. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.18 earnings per share. On average, sell-side analysts predict that FirstService will post 4.58 earnings per share for the current year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. FirstService’s dividend payout ratio is currently 41.67%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FSV. Millennium Management LLC grew its holdings in shares of FirstService by 2,136.1% during the 2nd quarter. Millennium Management LLC now owns 209,297 shares of the financial services provider’s stock valued at $31,853,000 after purchasing an additional 199,937 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of FirstService by 6.8% during the second 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 during the last quarter. Vanguard Group Inc. increased its holdings in shares of FirstService by 4.8% during the first quarter. Vanguard Group Inc. now owns 1,654,783 shares of the financial services provider’s stock worth $274,363,000 after buying an additional 76,503 shares in the last quarter. Summit Creek Advisors LLC bought a new position in shares of FirstService in the 1st quarter valued at $11,710,000. Finally, Bank of Montreal Can boosted its holdings in shares of FirstService by 19.7% during the 3rd quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock valued at $69,992,000 after acquiring an additional 63,807 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

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.