FirstService Corporation (NASDAQ:FSV) (TSE:FSV) had its target price hoisted by Raymond James Financial, Inc. from $63.00 to $65.00 in a report published on Thursday morning. The brokerage currently has a market perform rating on the financial services provider’s stock.

FSV has been the subject of a number of other reports. Royal Bank Of Canada restated a buy rating and set a $58.00 target price on shares of FirstService Corporation in a research report on Wednesday, April 5th. Citigroup Inc. restated 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. BMO Capital Markets restated a hold rating and set a $65.00 target price on shares of FirstService Corporation in a research report on Thursday, April 27th. BidaskClub downgraded shares of FirstService Corporation from a buy rating to a hold rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research downgraded shares of FirstService Corporation from a strong-buy rating to a hold rating in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. FirstService Corporation has a consensus rating of Hold and an average price target of $65.50.

FirstService Corporation (NASDAQ FSV) traded down 0.69% during trading on Thursday, hitting $64.49. The stock had a trading volume of 27,447 shares. FirstService Corporation has a 12 month low of $39.05 and a 12 month high of $67.41. The firm has a 50 day moving average of $63.66 and a 200-day moving average of $59.15. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 51.59 and a beta of 0.93.

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.11. FirstService Corporation had a net margin of 2.84% and a return on equity of 24.64%. The business had revenue of $434.90 million during the quarter, compared to the consensus estimate of $421.35 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities analysts predict that FirstService Corporation will post $1.99 earnings per share for the current year.

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

Several hedge funds have recently added to or reduced their stakes in FSV. Toronto Dominion Bank boosted 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. boosted 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 boosted 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 boosted 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 boosted 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. 58.49% of the stock is owned by institutional investors and hedge funds.

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.

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