TD Securities Has Lowered Expectations for FirstService (TSE:FSV) Stock Price

FirstService (TSE:FSV) (NASDAQ:FSV) had its target price dropped by equities research analysts at TD Securities from C$213.00 to C$211.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential downside of 4.16% from the company’s current price.

Separately, Scotiabank upgraded shares of FirstService from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Strong Buy” and a consensus target price of C$211.00.

FirstService Stock Up 0.3%

Shares of FSV stock traded up C$0.67 during trading on Wednesday, reaching C$220.17. The company’s stock had a trading volume of 48,898 shares, compared to its average volume of 100,052. The company has a debt-to-equity ratio of 136.54, a current ratio of 1.81 and a quick ratio of 1.25. The company has a market capitalization of C$10.06 billion, a price-to-earnings ratio of 72.66, a P/E/G ratio of 107.75 and a beta of 0.96. The stock’s 50-day moving average price is C$261.19 and its 200 day moving average price is C$253.69. FirstService has a 1-year low of C$216.14 and a 1-year high of C$290.34.

Insider Buying and Selling

In related news, Director Erin Joy Wallace sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of C$275.74, for a total value of C$827,214.00. Following the completion of the sale, the director owned 10,000 shares in the company, valued at C$2,757,380. This represents a 23.08% decrease in their position. 10.26% of the stock is currently owned by company insiders.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue.