Raymond James Boosts FirstService (NASDAQ:FSV) Price Target to $225.00

FirstService (NASDAQ:FSV) (TSE:FSV) had its price objective increased by analysts at Raymond James from $215.00 to $225.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price target would indicate a potential upside of 23.71% from the stock’s previous close.

Several other analysts have also recently issued reports on FSV. StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 21st. Scotiabank boosted their target price on shares of FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Tuesday, October 15th. Finally, TD Securities raised their price target on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $201.67.

FirstService Trading Down 1.3 %

FSV opened at $181.87 on Thursday. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 75.78 and a beta of 1.06. The company’s 50 day simple moving average is $185.18 and its two-hundred day simple moving average is $181.44. FirstService has a 1-year low of $141.26 and a 1-year high of $197.84. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79.

Institutional Trading of FirstService

Several institutional investors have recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC raised its holdings in shares of FirstService by 1.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,449,933 shares of the financial services provider’s stock valued at $264,555,000 after buying an additional 23,082 shares during the period. Franklin Resources Inc. increased its stake in FirstService by 486.3% during the third 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 during the period. CIBC Asset Management Inc lifted its position in shares of FirstService by 57.4% during the fourth quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider’s stock worth $83,138,000 after purchasing an additional 166,996 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of FirstService by 19.7% in the third quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock valued at $69,992,000 after purchasing an additional 63,807 shares during the period. Finally, Fiera Capital Corp grew its holdings in shares of FirstService by 24.1% in the fourth quarter. Fiera Capital Corp now owns 258,848 shares of the financial services provider’s stock valued at $46,839,000 after purchasing an additional 50,265 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

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.