FirstService (FSV) Rating Increased to Hold at BidaskClub
FirstService (NASDAQ:FSV) (TSE:FSV) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.
A number of other equities research analysts have also issued reports on FSV. William Blair reissued a “market perform” rating on shares of FirstService in a report on Thursday, February 1st. Royal Bank of Canada upped their price objective on shares of FirstService from $75.00 to $78.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. Finally, Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Tuesday, February 13th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $69.20.
Shares of FirstService stock opened at $71.36 on Thursday. The company has a market cap of $2,534.18, a PE ratio of 49.21 and a beta of 0.52. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.23 and a quick ratio of 1.23. FirstService has a 12-month low of $57.17 and a 12-month high of $74.49.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc grew its holdings in shares of FirstService by 40.1% in the third quarter. Legal & General Group Plc now owns 4,887 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 1,400 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of FirstService by 1.5% in the third quarter. Great West Life Assurance Co. Can now owns 171,775 shares of the financial services provider’s stock valued at $11,270,000 after purchasing an additional 2,488 shares during the period. Northern Trust Corp boosted its stake in FirstService by 13.7% during the second quarter. Northern Trust Corp now owns 20,905 shares of the financial services provider’s stock worth $1,338,000 after buying an additional 2,525 shares during the period. The Manufacturers Life Insurance Company boosted its stake in FirstService by 1.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 224,686 shares of the financial services provider’s stock worth $15,710,000 after buying an additional 2,872 shares during the period. Finally, ARP Americas LP purchased a new position in FirstService during the fourth quarter worth about $269,000. 63.30% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “FirstService (FSV) Rating Increased to Hold at BidaskClub” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/firstservice-fsv-rating-increased-to-hold-at-bidaskclub/1955583.html.
FirstService 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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstService and related companies with MarketBeat.com's FREE daily email newsletter.