FirstService (NASDAQ:FSV) Price Target Raised to $203.00

FirstService (NASDAQ:FSV) (TSE:FSV) had its price target lifted by TD from $195.00 to $203.00 in a research report sent to investors on Friday,BayStreet reports. They currently have a buy rating on the financial services provider’s stock.

FSV has been the topic of several other reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $144.00 price target on shares of FirstService in a report on Friday, July 24th. BMO Capital Markets reissued an “outperform” rating and set a $179.00 target price on shares of FirstService in a research report on Friday. Scotiabank restated an “outperform” rating on shares of FirstService in a research note on Friday. Canadian Imperial Bank of Commerce upped their target price on FirstService from $170.00 to $178.00 and gave the company an “outperform” rating in a report on Friday. Finally, TD Securities reaffirmed a “buy” rating and issued a $195.00 target price on shares of FirstService in a report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $179.82.

FirstService Stock Performance

NASDAQ FSV opened at $143.67 on Friday. The firm has a market capitalization of $6.27 billion, a P/E ratio of 43.80, a PEG ratio of 3.18 and a beta of 0.95. The business has a fifty day simple moving average of $135.75 and a 200 day simple moving average of $138.76. FirstService has a 12 month low of $119.41 and a 12 month high of $171.88. The company has a current ratio of 1.52, a quick ratio of 1.63 and a debt-to-equity ratio of 1.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Thursday, October 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.05. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. FirstService had a net margin of 2.59% and a return on equity of 19.66%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.76 EPS. On average, analysts predict that FirstService will post 5.61 EPS for the current fiscal year.

FirstService Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Hilltop National Bank lifted its holdings in shares of FirstService by 4.1% during the second quarter. Hilltop National Bank now owns 2,055 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 81 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of FirstService by 23.7% during the first quarter. Fifth Third Bancorp now owns 627 shares of the financial services provider’s stock valued at $87,000 after buying an additional 120 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings 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 worth $47,000 after buying an additional 128 shares in the last quarter. USS Investment Management Ltd increased its holdings in FirstService by 1.2% in the 1st quarter. USS Investment Management Ltd now owns 14,890 shares of the financial services provider’s stock worth $2,047,000 after buying an additional 171 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in FirstService by 27.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,286 shares of the financial services provider’s stock worth $292,000 after buying an additional 488 shares in the last quarter. 69.35% of the stock is owned by institutional investors.

More FirstService News

Here are the key news stories impacting FirstService this week:

• Positive Sentiment: TD raised its price target from $195 to $203 and upgraded FirstService to “buy,” implying substantial upside from recent levels. TD analyst rating
• Positive Sentiment: Stifel Nicolaus increased its target from $185 to $195 and maintained a “buy” rating. Stifel Nicolaus analyst rating
• Positive Sentiment: Scotiabank raised its target from $170 to $175 while moving to a “sector outperform” rating, adding to the constructive analyst outlook. Scotiabank analyst rating
• Positive Sentiment: Third-quarter revenue rose 5.8% year over year to $1.53 billion, while adjusted EPS increased to $1.89 from $1.76 and adjusted EBITDA grew to $169.7 million. Revenue and adjusted EPS exceeded the primary analyst consensus. FirstService third-quarter results
• Neutral Sentiment: Scotia’s $175 target still carries a “sector perform” rating in one report, indicating that valuation and near-term industry conditions may limit upside despite higher estimates. Scotia analyst rating
• Neutral Sentiment: Recent commentary described FirstService as potentially fully priced after a prolonged five-year decline, suggesting investors may require stronger earnings momentum before bidding the stock higher. FirstService valuation commentary
• Negative Sentiment: GAAP operating earnings fell 7.1% to $107.4 million, while GAAP diluted EPS declined to $0.99 from $1.24 and net income attributable to common shareholders dropped 24.9%. The results point to a margin squeeze despite solid top-line growth.
• Negative Sentiment: Management’s earnings call highlighted a drag from the roofing business, which may keep profitability under pressure. Cash generation also weakened, and total liabilities increased to approximately $3.0 billion. FirstService earnings call highlights

FirstService Company Profile

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.