Analysts Set FirstService Co. (NASDAQ:FSV) Target Price at $177.29

Shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) have been given a consensus recommendation of “Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $177.29.

Several analysts recently commented on the stock. Scotiabank lifted their target price on shares of FirstService from $165.00 to $166.00 and gave the stock a “sector outperform” rating in a report on Wednesday, February 7th. TheStreet downgraded shares of FirstService from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. StockNews.com downgraded shares of FirstService from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $187.00 price objective on shares of FirstService in a report on Wednesday, February 7th. Finally, Raymond James boosted their price objective on shares of FirstService from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, January 26th.

FirstService Stock Performance

NASDAQ FSV opened at $158.84 on Wednesday. The stock has a market cap of $7.14 billion, a PE ratio of 70.91 and a beta of 0.97. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a 50-day moving average of $165.84 and a 200-day moving average of $157.74. FirstService has a 52-week low of $134.77 and a 52-week high of $171.94.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its earnings results on Tuesday, February 6th. The financial services provider reported $1.03 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.04). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. FirstService had a return on equity of 17.56% and a net margin of 2.32%. On average, sell-side analysts anticipate that FirstService will post 4.69 EPS for the current year.

FirstService Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 29th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from FirstService’s previous quarterly dividend of $0.23. FirstService’s dividend payout ratio is 44.64%.

Institutional Trading of FirstService

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Durable Capital Partners LP lifted its holdings in shares of FirstService by 2.2% during the 4th quarter. Durable Capital Partners LP now owns 3,993,742 shares of the financial services provider’s stock worth $489,433,000 after acquiring an additional 85,703 shares during the period. T. Rowe Price Investment Management Inc. increased its position in FirstService by 2.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,626,939 shares of the financial services provider’s stock worth $321,932,000 after purchasing an additional 61,747 shares in the last quarter. Mackenzie Financial Corp increased its position in FirstService by 0.7% during the 4th quarter. Mackenzie Financial Corp now owns 2,381,128 shares of the financial services provider’s stock worth $385,917,000 after purchasing an additional 16,362 shares in the last quarter. Vanguard Group Inc. increased its position in FirstService by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,582,337 shares of the financial services provider’s stock worth $230,293,000 after purchasing an additional 29,482 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in FirstService by 0.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,367,133 shares of the financial services provider’s stock worth $221,599,000 after purchasing an additional 4,431 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

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.