FirstService (NASDAQ:FSV) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of FirstService (NASDAQ:FSV) (TSE:FSV) in a report released on Monday. The firm set a “hold” rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on the company. Scotiabank cut their target price on FirstService from $161.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. BMO Capital Markets cut their target price on FirstService from $177.00 to $174.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. TheStreet raised FirstService from a “c+” rating to a “b-” rating in a report on Thursday, July 27th. Finally, Royal Bank of Canada raised their price target on FirstService from $173.00 to $178.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.50.

FirstService Stock Up 1.2 %

Shares of FirstService stock traded up $1.86 during trading on Monday, hitting $154.71. 33,485 shares of the stock traded hands, compared to its average volume of 55,560. The firm has a market cap of $6.90 billion, a P/E ratio of 52.27 and a beta of 1.04. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.78. FirstService has a 52-week low of $118.11 and a 52-week high of $163.95. The stock’s fifty day simple moving average is $146.25 and its 200 day simple moving average is $148.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. FirstService had a net margin of 3.10% and a return on equity of 20.51%. On average, equities analysts predict that FirstService will post 4.38 earnings per share for the current fiscal year.

Institutional Trading of FirstService

A number of institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC purchased a new stake in shares of FirstService during the second quarter worth approximately $41,000. Global Retirement Partners LLC increased its position in shares of FirstService by 24.9% during the first quarter. Global Retirement Partners LLC now owns 351 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 70 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of FirstService by 126.6% during the third quarter. Exchange Traded Concepts LLC now owns 392 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 219 shares in the last quarter. Signaturefd LLC increased its position in shares of FirstService by 80.1% during the second quarter. Signaturefd LLC now owns 389 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 173 shares in the last quarter. Finally, Power Corp of Canada purchased a new stake in shares of FirstService during the first quarter worth approximately $60,000. 69.49% of the stock is currently owned by hedge funds and other institutional investors.

About FirstService

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.