FirstService (NASDAQ:FSV) Given New $196.00 Price Target at BMO Capital Markets

FirstService (NASDAQ:FSVFree Report) (TSE:FSV) had its price target hoisted by BMO Capital Markets from $193.00 to $196.00 in a research report report published on Friday morning, Marketbeat reports. BMO Capital Markets currently has an outperform rating on the financial services provider’s stock.

Separately, Scotiabank initiated coverage on shares of FirstService in a research report on Thursday, April 11th. They set a sector perform rating and a $170.00 target price for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, FirstService has an average rating of Moderate Buy and a consensus price target of $186.60.

View Our Latest Research Report on FSV

FirstService Stock Performance

Shares of NASDAQ FSV opened at $149.98 on Friday. The business’s 50-day simple moving average is $151.06 and its 200-day simple moving average is $159.13. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.00 and a current ratio of 2.00. FirstService has a 52 week low of $134.77 and a 52 week high of $171.94. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 74.25 and a beta of 1.04.

FirstService (NASDAQ:FSVGet Free Report) (TSE:FSV) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). FirstService had a net margin of 2.02% and a return on equity of 16.42%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, equities research analysts expect that FirstService will post 4.38 earnings per share for the current fiscal year.

FirstService Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.67%. The ex-dividend date is Friday, June 28th. FirstService’s payout ratio is currently 49.50%.

Institutional Trading of FirstService

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its position in shares of FirstService by 2.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 6,040 shares of the financial services provider’s stock valued at $998,000 after buying an additional 149 shares during the last quarter. Cetera Advisors LLC bought a new position in FirstService during the first quarter valued at about $311,000. Virtu Financial LLC raised its holdings in FirstService by 152.1% in the 1st quarter. Virtu Financial LLC now owns 4,190 shares of the financial services provider’s stock valued at $695,000 after acquiring an additional 2,528 shares in the last quarter. Quadrature Capital Ltd lifted its position in shares of FirstService by 2.8% in the 1st quarter. Quadrature Capital Ltd now owns 218,800 shares of the financial services provider’s stock worth $36,127,000 after acquiring an additional 5,900 shares during the period. Finally, Toronto Dominion Bank grew its holdings in shares of FirstService by 68.0% during the 1st quarter. Toronto Dominion Bank now owns 68,856 shares of the financial services provider’s stock worth $11,416,000 after purchasing an additional 27,871 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

FirstService Company Profile

(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. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers 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.

Further Reading

Analyst Recommendations for FirstService (NASDAQ:FSV)

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