FirstService (TSE:FSV) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$193.58 and traded as high as C$207.17. FirstService shares last traded at C$206.06, with a volume of 158,881 shares trading hands.

Wall Street Analysts Forecast Growth

FSV has been the subject of several research reports. TD lowered their price objective on shares of FirstService from C$207.00 to C$195.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Raymond James Financial reduced their target price on shares of FirstService from C$215.00 to C$190.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$200.67.

FirstService Price Performance

The firm has a market capitalization of C$8.77 billion, a PE ratio of 56.92, a P/E/G ratio of 107.75 and a beta of 0.84. The business has a 50-day simple moving average of C$190.19 and a 200-day simple moving average of C$193.63.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its earnings results on Thursday, October 22nd. The company reported C$2.69 EPS for the quarter. The firm had revenue of C$2.18 billion during the quarter. FirstService had a return on equity of 14.59% and a net margin of 2.60%. On average, research analysts expect that FirstService Co. will post 7.52 earnings per share for the current year.

FirstService Company Profile

FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident. Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community’s specific needs.