TD Securities Issues Pessimistic Forecast for FirstService (TSE:FSV) Stock Price

FirstService (TSE:FSV) (NASDAQ:FSV) had its price objective decreased by analysts at TD Securities from C$199.00 to C$197.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential downside of 19.60% from the company’s current price.

FirstService Stock Performance

Shares of TSE FSV traded up C$0.40 during trading on Wednesday, reaching C$245.03. 52,345 shares of the company traded hands, compared to its average volume of 94,301. The company has a current ratio of 1.81, a quick ratio of 1.25 and a debt-to-equity ratio of 136.54. The stock has a market cap of C$7.77 billion, a P/E ratio of 71.69, a PEG ratio of 107.75 and a beta of 0.96. The firm’s fifty day simple moving average is C$251.94 and its 200 day simple moving average is C$255.36. FirstService has a 12-month low of C$193.77 and a 12-month high of C$278.19.

Insiders Place Their Bets

In other news, Director D. Scott Patterson sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of C$248.59, for a total transaction of C$198,868.96. Also, Director Joan Eloise Sproul sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$248.60, for a total transaction of C$49,720.00. In the last three months, insiders have sold 10,000 shares of company stock valued at $2,487,725. Insiders own 10.26% of the company’s stock.

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.