FirstService Corporation (NASDAQ:FSV) (TSE:FSV) had its target price upped by Royal Bank Of Canada from $65.00 to $71.00 in a report released on Thursday morning. The firm currently has an outperform rating on the financial services provider’s stock.

A number of other research firms also recently weighed in on FSV. BidaskClub upgraded FirstService Corporation from a sell rating to a hold rating in a research report on Friday, June 30th. Zacks Investment Research downgraded FirstService Corporation from a strong-buy rating to a hold rating in a research report on Tuesday, June 27th. Citigroup Inc. reiterated a market perform rating and set a $61.00 target price (up from $60.00) on shares of FirstService Corporation in a research report on Thursday, April 13th. Raymond James Financial, Inc. downgraded FirstService Corporation from an outperform rating to a mkt perform rating and upped their target price for the company from $60.00 to $61.00 in a research report on Thursday, April 13th. Finally, BMO Capital Markets restated a hold rating and set a $65.00 price objective on shares of FirstService Corporation in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $65.50.

FirstService Corporation (NASDAQ:FSV) traded down 0.69% on Thursday, reaching $64.49. The company’s stock had a trading volume of 27,447 shares. The company has a market cap of $2.32 billion, a P/E ratio of 51.59 and a beta of 0.93. FirstService Corporation has a 12 month low of $39.05 and a 12 month high of $67.41. The company has a 50-day moving average price of $63.66 and a 200 day moving average price of $59.15.

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $434.90 million during the quarter, compared to the consensus estimate of $421.35 million. FirstService Corporation had a return on equity of 24.64% and a net margin of 2.84%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. On average, equities research analysts anticipate that FirstService Corporation will post $1.99 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “FirstService Corporation (FSV) PT Raised to $71.00 at Royal Bank Of Canada” was first reported by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.watchlistnews.com/firstservice-corporation-fsv-pt-raised-to-71-00-at-royal-bank-of-canada/1464509.html.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 30th were given a dividend of $0.1225 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.49 annualized dividend and a dividend yield of 0.75%. FirstService Corporation’s dividend payout ratio is currently 39.20%.

Several hedge funds have recently made changes to their positions in FSV. Toronto Dominion Bank increased its stake in shares of FirstService Corporation by 0.3% in the first quarter. Toronto Dominion Bank now owns 41,188 shares of the financial services provider’s stock valued at $2,490,000 after buying an additional 121 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of FirstService Corporation by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 4,860 shares of the financial services provider’s stock valued at $224,000 after buying an additional 195 shares in the last quarter. UBS Group AG increased its stake in shares of FirstService Corporation by 21.2% in the first quarter. UBS Group AG now owns 3,427 shares of the financial services provider’s stock valued at $206,000 after buying an additional 600 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of FirstService Corporation by 10.3% in the first quarter. Parametric Portfolio Associates LLC now owns 7,853 shares of the financial services provider’s stock valued at $474,000 after buying an additional 733 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of FirstService Corporation by 37.7% in the first quarter. Legal & General Group Plc now owns 3,289 shares of the financial services provider’s stock valued at $198,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 58.49% of the company’s stock.

FirstService Corporation 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.

Receive News & Ratings for FirstService Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstService Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.