FirstService (TSE:FSV) Stock Price Breaks Below 200-Day Moving Average – What’s Next?

FirstService Co. (TSE:FSV) (NASDAQ:FSV) shares crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$193.47 and traded as low as C$183.04. FirstService shares last traded at C$185.81, with a volume of 109,727 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FSV. TD dropped their price target on shares of FirstService from C$207.00 to C$195.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Raymond James Financial cut their price target on FirstService from C$215.00 to C$190.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$200.67.

FirstService Trading Up 0.4%

The business has a fifty day moving average of C$190.47 and a two-hundred day moving average of C$193.51. The firm has a market cap of C$8.39 billion, a price-to-earnings ratio of 54.44, a PEG ratio of 107.75 and a beta of 0.84. The company has a debt-to-equity ratio of 127.80, a quick ratio of 1.25 and a current ratio of 1.21.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings results on Thursday, July 23rd. The company reported C$2.49 EPS for the quarter. The business had revenue of C$2.06 billion for the quarter. FirstService had a net margin of 2.90% and a return on equity of 11.98%. As a group, equities analysts expect that FirstService Co. will post 7.52 earnings per share for the current fiscal year.

About FirstService

FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident. Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community’s specific needs.