Analysts Set FirstService Corporation (NASDAQ:FSV) Price Target at $195.89

Shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $184.20.

Several research firms recently weighed in on FSV. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $175.00 price target on shares of FirstService in a research note on Friday. Wall Street Zen upgraded FirstService from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. TD Cowen reissued a “buy” rating and issued a $204.00 target price on shares of FirstService in a report on Wednesday, June 3rd. Stifel Nicolaus cut their target price on FirstService from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Finally, Weiss Ratings downgraded FirstService from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. M&T Bank Corp bought a new position in FirstService in the 4th quarter valued at approximately $6,120,000. Bessemer Group Inc. increased its holdings in shares of FirstService by 52.2% in the 1st quarter. Bessemer Group Inc. now owns 191,970 shares of the financial services provider’s stock worth $26,672,000 after purchasing an additional 65,830 shares in the last quarter. UBS Group AG raised its stake in shares of FirstService by 40.5% in the fourth quarter. UBS Group AG now owns 174,467 shares of the financial services provider’s stock worth $27,135,000 after purchasing an additional 50,263 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of FirstService by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 1,954,819 shares of the financial services provider’s stock worth $304,000,000 after purchasing an additional 29,805 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in shares of FirstService by 3.3% during the fourth quarter. Copeland Capital Management LLC now owns 346,042 shares of the financial services provider’s stock valued at $53,820,000 after purchasing an additional 10,970 shares in the last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Trading Up 2.0%

NASDAQ:FSV opened at $143.02 on Wednesday. FirstService has a one year low of $119.41 and a one year high of $209.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.58 and a quick ratio of 1.66. The company’s 50-day simple moving average is $139.97 and its 200 day simple moving average is $145.16. The firm has a market capitalization of $6.57 billion, a P/E ratio of 40.52, a PEG ratio of 3.13 and a beta of 0.94.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.04. FirstService had a net margin of 2.88% and a return on equity of 18.07%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the company earned $1.71 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. As a group, analysts forecast that FirstService will post 5.57 EPS for the current fiscal year.

FirstService Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. FirstService’s dividend payout ratio is 34.56%.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.