FirstService (TSE:FSV) Reaches New 1-Year Low – Here’s Why

FirstService Co. (TSE:FSV) (NASDAQ:FSV) reached a new 52-week low on Wednesday . The company traded as low as C$169.60 and last traded at C$171.21, with a volume of 178992 shares changing hands. The stock had previously closed at C$174.24.

Analysts Set New Price Targets

FSV has been the topic of several recent research reports. TD cut their target price on FirstService from C$217.00 to C$201.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. TD Securities raised their price objective on FirstService from C$211.00 to C$217.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$209.00.

FirstService Stock Up 0.1%

The stock’s 50-day simple moving average is C$197.51 and its 200 day simple moving average is C$210.45. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 95.68. The firm has a market cap of C$8.45 billion, a P/E ratio of 51.74, a PEG ratio of 107.75 and a beta of 0.84.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its earnings results on Thursday, April 23rd. The company reported C$1.32 EPS for the quarter. The company had revenue of C$1.83 billion for the quarter. FirstService had a return on equity of 12.11% and a net margin of 2.93%. As a group, research analysts forecast that FirstService Co. will post 7.5161189 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director D. Scott Patterson sold 10,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of C$214.00, for a total transaction of C$2,140,000.00. Following the transaction, the director owned 135,000 shares of the company’s stock, valued at C$28,890,000. This represents a 6.90% decrease in their position. Insiders have sold 24,700 shares of company stock valued at $5,296,022 over the last ninety days. Insiders own 10.26% of the company’s stock.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.