FirstService Co. (NASDAQ:FSV) Receives Average Rating of “Hold” from Analysts

FirstService Co. (NASDAQ:FSVGet Rating) (TSE:FSV) has received a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $172.80.

Separately, TD Securities decreased their target price on FirstService from $145.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, July 28th.

FirstService Price Performance

FSV opened at $120.74 on Monday. The stock’s 50-day moving average price is $129.79 and its 200 day moving average price is $129.36. FirstService has a 12-month low of $112.64 and a 12-month high of $202.78. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.77. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 42.66 and a beta of 1.02.

FirstService (NASDAQ:FSVGet Rating) (TSE:FSV) last posted its earnings results on Wednesday, July 27th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. FirstService had a return on equity of 15.47% and a net margin of 3.61%. The firm had revenue of $930.71 million for the quarter, compared to analyst estimates of $920.84 million. As a group, sell-side analysts expect that FirstService will post 4.03 earnings per share for the current year.

FirstService Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.2025 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.81 annualized dividend and a yield of 0.67%. FirstService’s dividend payout ratio (DPR) is 28.62%.

Institutional Investors Weigh In On FirstService

Large investors have recently bought and sold shares of the stock. Durable Capital Partners LP increased its holdings in shares of FirstService by 7.6% in the 1st quarter. Durable Capital Partners LP now owns 3,391,256 shares of the financial services provider’s stock valued at $491,325,000 after acquiring an additional 238,980 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of FirstService by 35.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,327,092 shares of the financial services provider’s stock valued at $482,029,000 after acquiring an additional 879,160 shares during the last quarter. Neuberger Berman Group LLC grew its stake in FirstService by 2.9% during the 1st quarter. Neuberger Berman Group LLC now owns 1,525,978 shares of the financial services provider’s stock worth $221,084,000 after buying an additional 42,901 shares during the last quarter. Vanguard Group Inc. grew its stake in FirstService by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,404,194 shares of the financial services provider’s stock worth $203,439,000 after buying an additional 7,172 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in FirstService by 5.4% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,315,167 shares of the financial services provider’s stock worth $190,541,000 after buying an additional 66,824 shares during the last quarter. Hedge funds and other institutional investors own 64.18% of the company’s stock.

About FirstService

(Get Rating)

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.

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Analyst Recommendations for FirstService (NASDAQ:FSV)

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