FirstService (TSE:FSV) Price Target Raised to C$194.00 at TD Securities

Posted by Samantha Reynolds on Oct 29th, 2024

FirstService (TSE:FSV – Free Report) (NASDAQ:FSV) had its price objective upped by TD Securities from C$182.00 to C$194.00 in a research note published on Monday, BayStreet.CA reports. They currently have a hold rating on the stock.

FirstService Trading Down 0.8 %

Shares of TSE FSV opened at C$261.46 on Monday. The firm’s 50 day moving average price is C$245.25 and its 200-day moving average price is C$223.74. The company has a market cap of C$11.77 billion, a PE ratio of 107.60, a P/E/G ratio of 107.75 and a beta of 0.96. FirstService has a 52-week low of C$191.35 and a 52-week high of C$267.26. The company has a debt-to-equity ratio of 105.28, a quick ratio of 1.25 and a current ratio of 1.74.

FirstService Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were issued a dividend of $0.337 per share. The ex-dividend date was Friday, September 27th. This represents a $1.35 annualized dividend and a dividend yield of 0.52%. FirstService’s payout ratio is 55.56%.

Insider Activity

In other FirstService news, Director Erin Joy Wallace sold 11,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of C$174.35, for a total transaction of C$2,004,993.95. 10.26% of the stock is owned by corporate insiders.

FirstService Company Profile

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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.