FirstService (TSE:FSV) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of FirstService Co. (TSE:FSV) (NASDAQ:FSV) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$205.58 and traded as low as C$184.32. FirstService shares last traded at C$186.49, with a volume of 150,968 shares traded.

Analysts Set New Price Targets

FSV has been the subject of a number of recent analyst reports. TD Securities raised their price target on shares of FirstService from C$211.00 to C$217.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. TD reduced their price target on shares of FirstService from C$217.00 to C$201.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, FirstService has an average rating of “Buy” and an average price target of C$209.00.

FirstService Trading Down 3.4%

The stock has a market cap of C$8.50 billion, a P/E ratio of 52.06, a price-to-earnings-growth ratio of 107.75 and a beta of 0.84. The firm’s 50 day simple moving average is C$190.58 and its two-hundred day simple moving average is C$205.28. 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 (TSE:FSV) (NASDAQ:FSV) last posted its quarterly earnings results on Thursday, April 23rd. The company reported C$1.32 earnings per share (EPS) for the quarter. FirstService had a net margin of 2.93% and a return on equity of 12.11%. The company had revenue of C$1.83 billion for the quarter. As a group, equities research analysts predict that FirstService Co. will post 7.5161189 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FirstService news, insider Firstservice Corporation acquired 2,372 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average price of C$182.30 per share, for a total transaction of C$432,415.60. Following the completion of the purchase, the insider directly owned 8,872 shares in the company, valued at C$1,617,365.60. The trade was a 36.49% increase in their ownership of the stock. Insiders have bought a total of 7,872 shares of company stock worth $1,431,216 in the last quarter. 10.26% of the stock is owned by corporate 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. 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.