FirstService (TSE:FSV) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$244.53 and traded as low as C$215.50. FirstService shares last traded at C$222.17, with a volume of 167,383 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FSV shares. Scotiabank raised shares of FirstService from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. TD Securities decreased their target price on FirstService from C$213.00 to C$211.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Strong Buy” and a consensus price target of C$211.00.

FirstService Stock Up 2.6%

The firm has a market cap of C$10.16 billion, a price-to-earnings ratio of 73.32, a price-to-earnings-growth ratio of 107.75 and a beta of 0.95. The stock has a 50-day moving average of C$214.56 and a 200-day moving average of C$244.53. The company has a current ratio of 1.81, a quick ratio of 1.25 and a debt-to-equity ratio of 136.54.

FirstService (TSE:FSV) (NASDAQ:FSV) last posted its earnings results on Thursday, October 23rd. The company reported C$1.76 earnings per share (EPS) for the quarter. The company had revenue of C$2.02 billion for the quarter. FirstService had a return on equity of 10.05% and a net margin of 2.19%. As a group, sell-side analysts forecast that FirstService Co. will post 7.5161189 EPS for the current fiscal year.

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.