FirstService Corporation (NASDAQ:FSV) Receives Average Recommendation of “Moderate Buy” from Brokerages

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $184.20.

Several brokerages have issued reports on FSV. Scotiabank set a $170.00 target price on FirstService in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $144.00 price target on shares of FirstService in a research note on Friday, July 24th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $175.00 price objective on shares of FirstService in a research note on Friday, July 24th. TD boosted their price objective on FirstService from $204.00 to $207.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, TD Cowen reaffirmed a “buy” rating and set a $204.00 price objective on shares of FirstService in a report on Wednesday, June 3rd.

FirstService Trading Up 0.8%

Shares of FSV stock opened at $132.41 on Thursday. The company has a 50 day moving average of $141.71 and a 200-day moving average of $140.87. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.03. FirstService has a 12-month low of $119.41 and a 12-month high of $205.50. The firm has a market cap of $5.78 billion, a P/E ratio of 37.51, a PEG ratio of 2.91 and a beta of 0.93.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.04. FirstService had a net margin of 2.88% and a return on equity of 18.07%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm posted $1.71 EPS. FirstService’s revenue was up 2.4% on a year-over-year basis. Sell-side analysts anticipate that FirstService will post 5.61 earnings per share for the current year.

Institutional Trading of FirstService

A number of institutional investors have recently modified their holdings of the business. Truist Financial Corp raised its position in FirstService by 0.9% in the fourth quarter. Truist Financial Corp now owns 8,894 shares of the financial services provider’s stock worth $1,383,000 after acquiring an additional 77 shares during the period. Hilltop National Bank raised its holdings in FirstService by 4.1% during the second quarter. Hilltop National Bank now owns 2,055 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 81 shares during the period. Fifth Third Bancorp lifted its holdings in FirstService by 23.7% in the 1st quarter. Fifth Third Bancorp now owns 627 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 120 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of FirstService by 73.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 302 shares of the financial services provider’s stock worth $47,000 after buying an additional 128 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its stake in FirstService by 0.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 37,301 shares of the financial services provider’s stock worth $5,801,000 after purchasing an additional 153 shares in the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

FirstService Company Profile

FirstService Corporation is a property services company serving residential and commercial property owners, residents, and businesses primarily in the United States and Canada. The company operates through two main divisions: FirstService Residential and FirstService Brands.

FirstService Residential provides property management services for condominium, cooperative, homeowners, and other residential communities. Its services include community association management, property maintenance, financial administration, compliance support, and resident services.

FirstService Brands operates a network of service businesses that support property repair, maintenance, improvement, and restoration.