FirstService Co. (NASDAQ:FSV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $198.33.

Several brokerages recently weighed in on FSV. Stifel Nicolaus raised their price target on shares of FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 21st. TD Securities lifted their target price on FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Scotiabank increased their price target on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 15th. Finally, StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th.

Institutional Investors Weigh In On FirstService

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of FirstService by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 38,594 shares of the financial services provider’s stock valued at $5,881,000 after buying an additional 953 shares during the period. Summit Creek Advisors LLC raised its stake in FirstService by 47.6% in the 2nd quarter. Summit Creek Advisors LLC now owns 104,272 shares of the financial services provider’s stock valued at $15,888,000 after acquiring an additional 33,646 shares during the period. Andra AP fonden purchased a new stake in FirstService during the second quarter valued at about $4,982,000. DekaBank Deutsche Girozentrale boosted its position in FirstService by 13.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 6,856 shares of the financial services provider’s stock worth $1,029,000 after purchasing an additional 816 shares during the period. Finally, William Blair Investment Management LLC increased its stake in shares of FirstService by 0.8% in the second quarter. William Blair Investment Management LLC now owns 861,871 shares of the financial services provider’s stock worth $131,323,000 after purchasing an additional 6,863 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Down 0.8 %

FirstService stock opened at $178.00 on Friday. The company has a market capitalization of $8.06 billion, a PE ratio of 74.17 and a beta of 1.04. FirstService has a 12-month low of $141.26 and a 12-month high of $197.84. The firm’s fifty day moving average is $187.34 and its 200 day moving average is $178.44. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up 25.0% on a year-over-year basis. As a group, sell-side analysts predict that FirstService will post 4.58 EPS for the current fiscal year.

FirstService Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Tuesday, December 31st. FirstService’s dividend payout ratio is currently 41.67%.

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.