FirstService (NASDAQ:FSV) PT Raised to $166.00 at Scotiabank

FirstService (NASDAQ:FSVGet Free Report) (TSE:FSV) had its price target hoisted by analysts at Scotiabank from $165.00 to $166.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “sector outperform” rating on the financial services provider’s stock. Scotiabank’s target price indicates a potential downside of 0.04% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $187.00 price target on shares of FirstService in a research report on Wednesday. StockNews.com assumed coverage on FirstService in a research report on Tuesday, January 23rd. They set a “buy” rating for the company. BMO Capital Markets dropped their price target on shares of FirstService from $196.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday. Raymond James raised their price target on FirstService from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, Stifel Nicolaus set a $175.00 price objective on FirstService and gave the company a “buy” rating in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, FirstService presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.29.

View Our Latest Research Report on FirstService

FirstService Stock Up 1.2 %

Shares of NASDAQ:FSV opened at $166.06 on Wednesday. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 74.13 and a beta of 1.00. FirstService has a 1-year low of $131.75 and a 1-year high of $171.94. The company’s fifty day moving average is $162.96 and its two-hundred day moving average is $153.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90.

Institutional Investors Weigh In On FirstService

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its holdings in shares of FirstService by 658.5% during the first quarter. Citigroup Inc. now owns 2,723 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 2,364 shares during the period. Natixis Advisors L.P. acquired a new position in FirstService in the 1st quarter valued at $1,987,000. BlackRock Inc. grew its holdings in FirstService by 1.3% in the 1st quarter. BlackRock Inc. now owns 15,513 shares of the financial services provider’s stock valued at $2,248,000 after buying an additional 192 shares in the last quarter. Raymond James Trust N.A. grew its holdings in FirstService by 45.0% in the 1st quarter. Raymond James Trust N.A. now owns 3,144 shares of the financial services provider’s stock valued at $455,000 after buying an additional 976 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in FirstService by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 139,654 shares of the financial services provider’s stock valued at $20,233,000 after buying an additional 3,286 shares in the last quarter. Institutional investors own 69.49% of the company’s stock.

About FirstService

(Get Free Report)

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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