FirstService (TSE:FSV) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$203.81 and traded as low as C$197.06. FirstService shares last traded at C$200.25, with a volume of 169,507 shares.

Analyst Upgrades and Downgrades

Separately, TD dropped their target price on FirstService from C$217.00 to C$201.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$209.00.

FirstService Price Performance

The firm has a market cap of C$9.21 billion, a PE ratio of 56.41, a price-to-earnings-growth ratio of 107.75 and a beta of 0.85. The stock has a 50 day simple moving average of C$191.65 and a two-hundred day simple moving average of C$203.81. The company has a debt-to-equity ratio of 95.68, a quick ratio of 1.25 and a current ratio of 1.26.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its earnings results on Thursday, April 23rd. The company reported C$1.32 EPS for the quarter. The firm had revenue of C$1.83 billion for the quarter. FirstService had a return on equity of 12.11% and a net margin of 2.93%. Sell-side analysts expect that FirstService Co. will post 7.5161189 earnings per share for the current year.

Insider Activity

In other news, insider Firstservice Corporation purchased 2,500 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of C$181.90 per share, with a total value of C$454,750.00. Following the completion of the acquisition, the insider owned 16,872 shares of the company’s stock, valued at approximately C$3,069,016.80. This represents a 17.39% increase in their position. In the last ninety days, insiders have acquired 7,872 shares of company stock valued at $1,431,216. Insiders own 10.26% of the company’s stock.

FirstService Company Profile

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.