FirstService Co. (NASDAQ:FSV) Receives $201.67 Average Price Target from Brokerages

FirstService Co. (NASDAQ:FSV) (TSE:FSV) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $203.33.

Several equities research analysts have issued reports on FSV shares. Scotiabank dropped their target price on shares of FirstService from $217.50 to $210.00 and set a “sector perform” rating for the company in a research report on Thursday. Raymond James increased their target price on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, StockNews.com lowered FirstService from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th.

Institutional Investors Weigh In On FirstService

A number of large investors have recently added to or reduced their stakes in FSV. Versant Capital Management Inc purchased a new stake in shares of FirstService during the fourth quarter worth about $29,000. Trust Co. of Vermont purchased a new stake in FirstService in the 4th quarter worth approximately $46,000. Wilmington Savings Fund Society FSB bought a new stake in shares of FirstService in the 3rd quarter worth approximately $53,000. Natixis increased its stake in shares of FirstService by 5,511.1% during the fourth quarter. Natixis now owns 505 shares of the financial services provider’s stock valued at $91,000 after buying an additional 496 shares during the period. Finally, State of Wyoming bought a new position in shares of FirstService during the fourth quarter valued at approximately $101,000. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Performance

NASDAQ:FSV opened at $172.03 on Friday. FirstService has a twelve month low of $141.26 and a twelve month high of $197.84. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. The stock has a market cap of $7.82 billion, a P/E ratio of 57.92 and a beta of 1.04. The business’s 50-day moving average price is $170.12 and its two-hundred day moving average price is $179.81.

FirstService Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were issued a dividend of $0.275 per share. This is a positive change from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Monday, March 31st. FirstService’s dividend payout ratio is currently 37.04%.

FirstService Company Profile

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.