FirstService Co. (NASDAQ:FSV) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $201.67.

Separately, Raymond James upped their price target on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th.

FirstService Price Performance

FirstService stock opened at $176.43 on Friday. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 59.40 and a beta of 1.06. The firm’s fifty day moving average is $179.27 and its 200 day moving average is $182.23. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. FirstService has a 52-week low of $141.26 and a 52-week high of $197.84.

FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, March 31st will be given a dividend of $0.275 per share. This is a boost from FirstService’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 0.62%. FirstService’s payout ratio is 37.04%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in FirstService during the fourth quarter valued at $29,000. Trust Co. of Vermont bought a new position in shares of FirstService in the fourth quarter worth about $46,000. Wilmington Savings Fund Society FSB bought a new position in shares of FirstService in the third quarter worth about $53,000. Venturi Wealth Management LLC bought a new position in shares of FirstService in the third quarter worth about $66,000. Finally, Natixis grew its holdings in shares of FirstService by 5,511.1% in the fourth quarter. Natixis now owns 505 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 496 shares during 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.