FirstService (TSE:FSV) Shares Pass Above 200-Day Moving Average – What’s Next?

FirstService Co. (TSE:FSV) (NASDAQ:FSV) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$201.29 and traded as high as C$208.11. FirstService shares last traded at C$202.35, with a volume of 77,433 shares changing hands.

Analyst Upgrades and Downgrades

Separately, TD increased their price target on FirstService from C$204.00 to C$207.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, FirstService presently has an average rating of “Buy” and a consensus target price of C$212.00.

FirstService Stock Performance

The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 95.68. The business’s 50 day moving average is C$195.12 and its 200 day moving average is C$201.19. The stock has a market capitalization of C$8.48 billion, a PE ratio of 51.97, a PEG ratio of 107.75 and a beta of 0.79.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its quarterly earnings results on Thursday, July 23rd. The company reported C$2.49 EPS for the quarter. FirstService had a net margin of 2.93% and a return on equity of 12.11%. The company had revenue of C$2.06 billion for the quarter. On average, equities research analysts predict that FirstService Co. will post 7.5161189 earnings per share for the current fiscal year.

Insider Activity

In other FirstService news, insider Firstservice Corporation bought 2,500 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of C$181.90 per share, with a total value of C$454,750.00. Following the completion of the purchase, the insider owned 16,872 shares in the company, valued at C$3,069,016.80. This represents a 17.39% increase in their position. Insiders purchased a total of 7,872 shares of company stock worth $1,431,216 in the last ninety days. 10.26% of the stock is owned by insiders.

FirstService Company Profile

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.