FirstService Corporation (NASDAQ:FSV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $211.8333.

Several research analysts have commented on FSV shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstService in a research note on Monday, December 22nd. Wall Street Zen cut shares of FirstService from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Stifel Nicolaus cut their price target on shares of FirstService from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 27th. TD Securities decreased their price objective on shares of FirstService from $213.00 to $211.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, BMO Capital Markets set a $209.00 target price on FirstService and gave the company an “outperform” rating in a research note on Friday, October 24th.

FirstService Trading Down 2.3%

Shares of NASDAQ FSV opened at $157.49 on Wednesday. FirstService has a 1-year low of $147.23 and a 1-year high of $209.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.77 and a quick ratio of 1.77. The business’s 50 day moving average is $155.87 and its two-hundred day moving average is $175.35. The stock has a market capitalization of $7.20 billion, a P/E ratio of 52.15, a PEG ratio of 2.79 and a beta of 1.06.

FirstService Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 31st were paid a $0.275 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.10 dividend on an annualized basis and a yield of 0.7%. FirstService’s dividend payout ratio (DPR) is presently 36.42%.

Institutional Trading of FirstService

A number of large investors have recently made changes to their positions in FSV. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in FirstService by 17.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,940 shares of the financial services provider’s stock worth $3,416,000 after buying an additional 3,184 shares during the period. Baskin Financial Services Inc. grew its stake in FirstService by 0.4% in the 4th quarter. Baskin Financial Services Inc. now owns 251,527 shares of the financial services provider’s stock worth $39,107,000 after acquiring an additional 1,023 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of FirstService by 7.1% during the fourth quarter. Farther Finance Advisors LLC now owns 3,804 shares of the financial services provider’s stock worth $592,000 after acquiring an additional 252 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of FirstService by 40.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 137,612 shares of the financial services provider’s stock valued at $21,403,000 after acquiring an additional 39,686 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of FirstService by 14.9% in the fourth quarter. Personal CFO Solutions LLC now owns 1,601 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 208 shares during the period. 69.35% of the stock is owned by hedge funds and other institutional investors.

About FirstService

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.