FirstService (TSE:FSV) Sets New 1-Year High – Time to Buy?

FirstService Co. (TSE:FSV) (NASDAQ:FSV) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$278.19 and last traded at C$274.82, with a volume of 56442 shares. The stock had previously closed at C$273.18.

Wall Street Analyst Weigh In

Separately, TD Securities upped their price target on shares of FirstService from C$182.00 to C$194.00 and gave the company a “hold” rating in a research note on Monday, October 28th.

FirstService Stock Up 0.5 %

The firm has a 50-day simple moving average of C$255.99 and a two-hundred day simple moving average of C$231.37. The stock has a market cap of C$12.36 billion, a P/E ratio of 112.42, a PEG ratio of 107.75 and a beta of 0.96. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 105.28.

FirstService Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were issued a $0.337 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, September 27th. FirstService’s dividend payout ratio is currently 55.56%.

Insider Activity

In other FirstService news, Senior Officer Douglas G. Cooke sold 5,000 shares of FirstService stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$262.70, for a total value of C$1,313,500.00. Over the last ninety days, insiders sold 9,700 shares of company stock worth $2,542,791. Corporate insiders own 10.26% of the company’s stock.

About FirstService

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.