FirstService Co. (NASDAQ:FSV) Receives $201.67 Consensus Target Price from Analysts

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $201.67.

FSV has been the topic of several recent research reports. Scotiabank upped their price target on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 15th. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. TD Securities increased their price objective on shares of FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Raymond James lifted their price objective on shares of FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus increased their target price on FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 21st.

FirstService Stock Up 0.6 %

FirstService stock opened at $184.18 on Tuesday. The firm has a market capitalization of $8.34 billion, a P/E ratio of 76.74 and a beta of 1.06. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13. FirstService has a twelve month low of $141.26 and a twelve month high of $197.84. The stock’s fifty day simple moving average is $185.39 and its 200-day simple moving average is $181.30.

FirstService Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Tuesday, December 31st. FirstService’s payout ratio is currently 41.67%.

Hedge Funds Weigh In On FirstService

A number of institutional investors have recently modified their holdings of the business. Franklin Resources Inc. lifted its position in FirstService by 486.3% during the 3rd quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock worth $87,308,000 after acquiring an additional 389,129 shares during the period. Bank of Montreal Can grew its position in FirstService by 19.7% in the 3rd quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock valued at $69,992,000 after buying an additional 63,807 shares during the last quarter. JPMorgan Chase & Co. increased its stake in FirstService by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider’s stock valued at $36,634,000 after buying an additional 10,191 shares during the period. Harbor Capital Advisors Inc. raised its position in FirstService by 253.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 19,351 shares of the financial services provider’s stock worth $3,503,000 after buying an additional 13,876 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of FirstService by 65.4% in the 3rd quarter. Stifel Financial Corp now owns 21,103 shares of the financial services provider’s stock worth $3,851,000 after acquiring an additional 8,348 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.

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.