FirstService Corporation (NASDAQ:FSV) Receives $211.67 Consensus Target Price from Analysts

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $211.6667.

Several equities research analysts have recently weighed in on FSV shares. Weiss Ratings reissued a “hold (c+)” rating on shares of FirstService in a research note on Monday, December 22nd. BMO Capital Markets reiterated an “outperform” rating and set a $202.00 price target on shares of FirstService in a report on Thursday, February 5th. Finally, TD Securities reissued a “buy” rating and issued a $217.00 price objective on shares of FirstService in a research report on Thursday, February 5th.

Institutional Trading of FirstService

A number of hedge funds and other institutional investors have recently bought and sold shares of FSV. JPL Wealth Management LLC purchased a new stake in shares of FirstService during the third quarter valued at $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in FirstService by 88.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock valued at $27,000 after buying an additional 81 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in FirstService by 63.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after buying an additional 79 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in FirstService in the 4th quarter valued at about $34,000. Finally, Strs Ohio bought a new position in FirstService in the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.

FirstService Price Performance

NASDAQ:FSV opened at $155.15 on Friday. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 49.10, a PEG ratio of 4.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.73 and a quick ratio of 1.77. The business has a 50 day simple moving average of $157.16 and a 200-day simple moving average of $170.75. FirstService has a 1 year low of $147.23 and a 1 year high of $209.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its earnings results on Wednesday, February 4th. The financial services provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.05. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. FirstService had a return on equity of 18.69% and a net margin of 2.64%.The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS. Equities analysts forecast that FirstService will post 5.27 EPS for the current year.

FirstService Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.305 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from FirstService’s previous quarterly dividend of $0.28. FirstService’s dividend payout ratio is 34.81%.

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.