FirstService (NASDAQ:FSV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FirstService (NASDAQ:FSV) (TSE:FSV) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.

Other analysts have also recently issued research reports about the company. Scotiabank boosted their target price on FirstService from $210.00 to $220.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. TD Securities boosted their target price on FirstService from $200.00 to $211.00 and gave the stock a “hold” rating in a report on Friday, July 25th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, FirstService currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.75.

FirstService Stock Down 0.3%

Shares of NASDAQ:FSV opened at $205.89 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.76 and a current ratio of 1.76. FirstService has a 1 year low of $153.13 and a 1 year high of $206.51. The stock has a market capitalization of $9.38 billion, a P/E ratio of 65.99 and a beta of 0.96. The stock has a 50-day simple moving average of $192.21 and a 200-day simple moving average of $179.24.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its earnings results on Thursday, July 24th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.26. FirstService had a return on equity of 18.24% and a net margin of 2.61%.The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the business earned $1.36 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts forecast that FirstService will post 5.27 earnings per share for the current year.

Hedge Funds Weigh In On FirstService

A number of institutional investors have recently made changes to their positions in FSV. TCTC Holdings LLC raised its position in shares of FirstService by 155.2% in the 1st quarter. TCTC Holdings LLC now owns 171 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 104 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of FirstService by 63.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. Strs Ohio acquired a new position in shares of FirstService in the 1st quarter valued at approximately $38,000. EverSource Wealth Advisors LLC raised its position in shares of FirstService by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 292 shares in the last quarter. Finally, Spire Wealth Management raised its position in shares of FirstService by 52.1% in the 1st quarter. Spire Wealth Management now owns 543 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 186 shares in the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

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.