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

FirstService (TSE:FSV) (NASDAQ:FSV) had its price objective reduced by stock analysts at TD from C$207.00 to C$195.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price target would indicate a potential downside of 0.42% from the stock’s previous close.

Separately, Raymond James Financial dropped their price objective on FirstService from C$215.00 to C$190.00 and set an “outperform” rating for the company in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$200.67.

FirstService Trading Up 6.1%

Shares of FSV traded up C$11.33 during trading hours on Friday, hitting C$195.83. The company had a trading volume of 78,047 shares, compared to its average volume of 132,214. The firm has a market cap of C$9.00 billion, a P/E ratio of 55.16, a P/E/G ratio of 107.75 and a beta of 0.79. The stock’s 50 day moving average price is C$195.25 and its 200 day moving average price is C$201.03. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 95.68. FirstService has a 52-week low of C$169.60 and a 52-week high of C$290.34.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its earnings results on Thursday, July 23rd. The company reported C$2.49 earnings per share for the quarter. The company had revenue of C$2.06 billion during the quarter. FirstService had a return on equity of 12.11% and a net margin of 2.93%. On average, research analysts predict that FirstService will post 7.5161189 EPS for the current year.

Insider Transactions at FirstService

In other FirstService news, insider Firstservice Corporation purchased 2,500 shares of FirstService stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of C$181.90 per share, for a total transaction of C$454,750.00. Following the acquisition, the insider directly owned 16,872 shares in the company, valued at approximately C$3,069,016.80. This trade represents a 17.39% increase in their ownership of the stock. In the last quarter, insiders bought 7,872 shares of company stock worth $1,431,216. 10.26% of the stock is owned by insiders.

FirstService Company Profile

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. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.