Several other brokerages also recently issued reports on FSV. TheStreet upgraded shares of FirstService from a d+ rating to a c- rating in a report on Friday, June 19th. Royal Bank of Canada upped their target price on FirstService from $95.00 to $120.00 and gave the stock a sector perform rating in a report on Friday, July 24th. William Blair raised FirstService from a market perform rating to an outperform rating in a research note on Friday, April 24th. Raymond James upped their price objective on FirstService from $115.00 to $125.00 and gave the company an outperform rating in a research note on Friday, July 24th. Finally, Scotiabank raised their price objective on shares of FirstService from $88.00 to $108.00 and gave the company a sector perform rating in a report on Friday, July 24th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. FirstService has an average rating of Buy and a consensus target price of $113.14.
FirstService stock opened at $119.55 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 1.44 and a debt-to-equity ratio of 1.07. The stock has a market cap of $4.98 billion, a PE ratio of 85.39 and a beta of 0.94. FirstService has a 12-month low of $57.38 and a 12-month high of $120.43. The business’s 50-day moving average price is $103.37 and its two-hundred day moving average price is $94.25.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.55%. The ex-dividend date was Monday, June 29th. FirstService’s payout ratio is presently -10.14%.
Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in FirstService by 1.6% during the fourth quarter. Bank of New York Mellon Corp now owns 6,247 shares of the financial services provider’s stock worth $581,000 after buying an additional 100 shares during the last quarter. UBS Group AG grew its holdings in FirstService by 1.5% during the 2nd quarter. UBS Group AG now owns 7,780 shares of the financial services provider’s stock worth $783,000 after acquiring an additional 115 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of FirstService by 1.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 10,673 shares of the financial services provider’s stock worth $1,075,000 after acquiring an additional 118 shares in the last quarter. Synovus Financial Corp acquired a new position in shares of FirstService in the 1st quarter valued at about $29,000. Finally, Centaurus Financial Inc. boosted its position in shares of FirstService by 15.2% during the 1st quarter. Centaurus Financial Inc. now owns 3,635 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 480 shares in the last quarter. 65.62% of the stock is currently owned by institutional investors.
FirstService Corporation, together with its subsidiaries, provides residential 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 provides property management 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.
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