FirstService (TSE:FSV) Shares Cross Above 200 Day Moving Average – Time to Sell?

FirstService Co. (TSE:FSVGet Free Report) (NASDAQ:FSV) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$199.62 and traded as high as C$203.16. FirstService shares last traded at C$200.78, with a volume of 85,525 shares.

Analyst Upgrades and Downgrades

FSV has been the subject of several analyst reports. TD cut their price target on shares of FirstService from C$207.00 to C$195.00 and set a “buy” rating for the company in a report on Friday, July 24th. Raymond James Financial lowered their price objective on FirstService from C$215.00 to C$190.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$200.67.

Get Our Latest Report on FirstService

FirstService Price Performance

The company has a quick ratio of 1.25, a current ratio of 1.21 and a debt-to-equity ratio of 127.80. The business’s 50-day simple moving average is C$198.90 and its 200 day simple moving average is C$199.62. The firm has a market capitalization of C$8.82 billion, a P/E ratio of 56.88, a PEG ratio of 107.75 and a beta of 0.79.

FirstService (TSE:FSVGet Free Report) (NASDAQ:FSV) last announced its quarterly earnings data on Thursday, July 23rd. The company reported C$2.49 earnings per share for the quarter. FirstService had a net margin of 2.90% and a return on equity of 11.98%. The firm had revenue of C$2.06 billion during the quarter. Sell-side analysts forecast that FirstService Co. will post 7.5161189 earnings per share for the current year.

FirstService Company Profile

(Get Free Report)

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.

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