Brokerages Set FirstService Co. (NASDAQ:FSV) PT at $198.33

Shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $198.33.

Several research firms have recently weighed in on FSV. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus increased their target price on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. TD Securities lifted their price target on FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Finally, Scotiabank upped their price objective on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th.

FirstService Stock Performance

Shares of FirstService stock opened at $188.05 on Monday. FirstService has a 12 month low of $141.26 and a 12 month high of $197.84. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $8.51 billion, a PE ratio of 78.35 and a beta of 1.04. The stock’s fifty day simple moving average is $188.43 and its 200 day simple moving average is $174.60.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business posted $1.18 EPS. FirstService’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, research analysts predict that FirstService will post 4.58 EPS for the current year.

FirstService Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Tuesday, December 31st. FirstService’s dividend payout ratio is currently 41.67%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Franklin Resources Inc. raised its stake in shares of FirstService by 486.3% during the 3rd quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock worth $87,308,000 after purchasing an additional 389,129 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in FirstService during the third quarter worth $53,000. Toronto Dominion Bank lifted its stake in FirstService by 27.6% in the third quarter. Toronto Dominion Bank now owns 70,207 shares of the financial services provider’s stock valued at $12,810,000 after acquiring an additional 15,165 shares during the last quarter. Geode Capital Management LLC grew its position in shares of FirstService by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 240,603 shares of the financial services provider’s stock valued at $45,144,000 after acquiring an additional 10,213 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of FirstService during the 3rd quarter worth about $1,238,000. 69.35% of the stock is owned by institutional investors and hedge funds.

FirstService Company Profile

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.