FirstService (FSV) Sets New 1-Year High and Low at $74.71

Shares of FirstService Corp (NASDAQ:FSV) (TSE:FSV) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $74.71 and last traded at $74.12, with a volume of 694 shares changing hands. The stock had previously closed at $74.12.

Several analysts recently issued reports on FSV shares. BidaskClub upgraded shares of FirstService from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. Zacks Investment Research lowered shares of FirstService from a “buy” rating to a “hold” rating in a report on Tuesday, April 10th. Raymond James boosted their price objective on shares of FirstService from $69.00 to $72.00 and gave the company a “market perform” rating in a report on Thursday, April 26th. Royal Bank of Canada boosted their price objective on shares of FirstService from $78.00 to $80.00 and gave the company a “sector perform” rating in a report on Thursday, April 26th. Finally, TheStreet lowered shares of FirstService from a “b-” rating to a “c” rating in a report on Wednesday, April 25th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $76.33.

The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 36.58 and a beta of 0.47. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.00.



FirstService (NASDAQ:FSV) (TSE:FSV) last released its earnings results on Wednesday, April 25th. The financial services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $426.46 million during the quarter, compared to analyst estimates of $401.80 million. FirstService had a net margin of 3.10% and a return on equity of 26.98%. research analysts predict that FirstService Corp will post 1.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Friday, June 29th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, June 28th. FirstService’s dividend payout ratio is currently 26.60%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSV. Forsta AP Fonden acquired a new position in shares of FirstService during the fourth quarter worth about $765,000. The Manufacturers Life Insurance Company grew its position in shares of FirstService by 1.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 224,686 shares of the financial services provider’s stock worth $15,710,000 after buying an additional 2,872 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of FirstService by 146.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 150,225 shares of the financial services provider’s stock worth $10,503,000 after buying an additional 89,300 shares in the last quarter. ARP Americas LP acquired a new position in shares of FirstService during the fourth quarter worth about $269,000. Finally, Spark Investment Management LLC acquired a new position in shares of FirstService during the fourth quarter worth about $2,672,000. 66.27% of the stock is owned by institutional investors.

FirstService Company Profile

FirstService Corporation provides property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment manages private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.

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