StockNews.com Lowers FirstService (NASDAQ:FSV) to Hold

StockNews.com cut shares of FirstService (NASDAQ:FSVFree Report) (TSE:FSV) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

FSV has been the topic of several other research reports. Raymond James increased their target price on FirstService from $185.00 to $205.00 and gave the stock an outperform rating in a research report on Friday, January 26th. TheStreet downgraded FirstService from a b- rating to a c rating in a research report on Tuesday. Royal Bank of Canada reiterated an outperform rating and issued a $187.00 price objective on shares of FirstService in a research report on Wednesday. Scotiabank increased their price objective on FirstService from $165.00 to $166.00 and gave the stock a sector outperform rating in a research report on Wednesday. Finally, BMO Capital Markets lowered their price objective on FirstService from $196.00 to $193.00 and set an outperform rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, FirstService presently has a consensus rating of Moderate Buy and a consensus target price of $177.29.

Get Our Latest Stock Report on FirstService

FirstService Trading Up 0.2 %

NASDAQ:FSV opened at $166.32 on Wednesday. The company has a market cap of $7.42 billion, a P/E ratio of 74.25 and a beta of 1.00. The stock’s fifty day moving average price is $163.11 and its two-hundred day moving average price is $154.01. FirstService has a 1 year low of $131.75 and a 1 year high of $171.94. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.78 and a quick ratio of 1.90.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Wednesday, March 27th. This is a boost from FirstService’s previous quarterly dividend of $0.23. FirstService’s dividend payout ratio is currently 40.18%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. bought a new position in FirstService in the fourth quarter valued at $39,000. Spire Wealth Management bought a new position in shares of FirstService during the fourth quarter valued at about $40,000. EverSource Wealth Advisors LLC bought a new position in shares of FirstService during the second quarter valued at about $41,000. Exchange Traded Concepts LLC grew its stake 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 valued at $57,000 after buying an additional 219 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of FirstService by 80.1% during the second quarter. Signaturefd LLC now owns 389 shares of the financial services provider’s stock valued at $60,000 after buying an additional 173 shares during the last quarter. Institutional investors own 69.49% of the company’s stock.

About FirstService

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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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