FirstService Corp (FSV) Lowered to “Sector Perform” at Scotiabank
Scotiabank lowered shares of FirstService Corp (TSE:FSV) (NASDAQ:FSV) from an outperform rating to a sector perform rating in a research note issued to investors on Thursday morning. Scotiabank currently has C$91.00 price objective on the stock, up from their prior price objective of C$89.00.
Several other equities research analysts have also commented on FSV. Raymond James Financial, Inc. upped their price objective on FirstService Corp to C$81.00 and gave the stock a market perform rating in a research note on Thursday, July 27th. BMO Capital Markets restated a market perform rating and issued a C$68.00 price objective on shares of FirstService Corp in a research note on Thursday, July 27th. William Blair lowered FirstService Corp from an outperform rating to a market perform rating in a research note on Tuesday, September 12th. Finally, Royal Bank Of Canada restated an outperform rating and issued a C$89.00 price objective on shares of FirstService Corp in a research note on Thursday, July 27th. Five analysts have rated the stock with a hold rating, The stock presently has an average rating of Hold and an average target price of C$85.38.
Shares of FirstService Corp (FSV) opened at 89.58 on Thursday. The stock has a market capitalization of $3.22 billion and a P/E ratio of 71.66. FirstService Corp has a 52-week low of $52.28 and a 52-week high of $94.73. The firm has a 50-day moving average price of $85.20 and a 200-day moving average price of $83.42.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Friday, September 29th were paid a $0.123 dividend. This represents a $0.49 annualized dividend and a dividend yield of 0.55%. This is a positive change from FirstService Corp’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, September 28th.
In related news, insider Corporation Firstservice acquired 1,500 shares of FirstService Corp stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average cost of C$65.60 per share, for a total transaction of C$98,400.00. Insiders bought a total of 5,711 shares of company stock valued at $387,790 over the last 90 days.
FirstService Corp Company Profile
Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.
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