FirstService (TSE:FSV) Share Price Passes Above 50-Day Moving Average – Here’s Why

FirstService Co. (TSE:FSV) (NASDAQ:FSV) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$191.29 and traded as high as C$195.19. FirstService shares last traded at C$184.94, with a volume of 168,197 shares.

Analyst Upgrades and Downgrades

Separately, TD reduced their price target on shares of FirstService from C$217.00 to C$201.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, FirstService presently has a consensus rating of “Buy” and a consensus price target of C$209.00.

FirstService Trading Down 4.1%

The stock has a market cap of C$8.50 billion, a P/E ratio of 52.10, a P/E/G ratio of 107.75 and a beta of 0.85. The company has a debt-to-equity ratio of 95.68, a quick ratio of 1.25 and a current ratio of 1.26. The stock has a 50-day moving average price of C$191.29 and a 200-day moving average price of C$202.81.

FirstService (TSE:FSV) (NASDAQ:FSV) last posted its quarterly earnings data on Thursday, April 23rd. The company reported C$1.32 earnings per share for the quarter. The company had revenue of C$1.83 billion for the quarter. FirstService had a net margin of 2.93% and a return on equity of 12.11%. On average, equities research analysts expect that FirstService Co. will post 7.5161189 EPS for the current year.

Insider Buying and Selling

In related news, insider Firstservice Corporation purchased 2,500 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of C$181.90 per share, with a total value of C$454,750.00. Following the purchase, the insider directly owned 16,872 shares in the company, valued at approximately C$3,069,016.80. This represents a 17.39% increase in their ownership of the stock. Over the last three months, insiders have purchased 7,872 shares of company stock valued at $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.