FirstService (TSE:FSV) Price Target Raised to C$194.00

FirstService (TSE:FSV) (NASDAQ:FSV) had its price objective lifted by investment analysts at TD Securities from C$182.00 to C$194.00 in a report issued on Monday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential downside of 26.04% from the stock’s previous close.

FirstService Price Performance

Shares of FirstService stock traded down C$1.28 on Monday, reaching C$262.32. The stock had a trading volume of 28,693 shares, compared to its average volume of 74,010. The company has a market cap of C$11.81 billion, a P/E ratio of 107.84, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96. FirstService has a 1 year low of C$191.35 and a 1 year high of C$267.26. The business’s 50 day moving average is C$244.67 and its two-hundred day moving average is C$223.48. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 105.28.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its earnings results on Thursday, July 25th. The company reported C$1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.58 by C$0.13. FirstService had a net margin of 1.73% and a return on equity of 9.46%. The firm had revenue of C$1.78 billion for the quarter, compared to analysts’ expectations of C$1.76 billion. As a group, research analysts anticipate that FirstService will post 7.5161189 EPS for the current year.

Insider Transactions at FirstService

In other news, Director Erin Joy Wallace sold 11,500 shares of FirstService stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of C$174.35, for a total value of C$2,004,993.95. 10.26% of the stock is owned by insiders.

About FirstService

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.