FirstService (TSE:FSV) Hits New 12-Month Low – Should You Sell?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s share price reached a new 52-week low on Thursday . The company traded as low as C$189.58 and last traded at C$190.12, with a volume of 14512 shares. The stock had previously closed at C$193.23.

Analyst Ratings Changes

Separately, TD Securities boosted their price target on FirstService from C$211.00 to C$217.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Strong Buy” and a consensus price target of C$217.00.

FirstService Price Performance

The company has a market cap of C$8.80 billion, a PE ratio of 60.34, a price-to-earnings-growth ratio of 107.75 and a beta of 0.75. The business has a 50 day moving average of C$212.52 and a 200 day moving average of C$228.70. The company has a debt-to-equity ratio of 100.79, a current ratio of 15.15 and a quick ratio of 1.25.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its quarterly earnings data on Wednesday, February 4th. The company reported C$1.88 earnings per share (EPS) for the quarter. FirstService had a net margin of 2.65% and a return on equity of 11.33%. The business had revenue of C$1.82 billion for the quarter. As a group, research analysts predict that FirstService Co. will post 7.5161189 EPS for the current year.

Insider Activity

In related news, Director D. Scott Patterson sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of C$214.00, for a total transaction of C$2,140,000.00. Following the transaction, the director owned 135,000 shares in the company, valued at C$28,890,000. The trade was a 6.90% decrease in their ownership of the stock. Insiders have sold a total of 24,700 shares of company stock worth $5,296,022 in the last 90 days. 10.26% of the stock is owned by insiders.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.