Brokerages Set FirstService Corp. (FSV) PT at $46.67
FirstService Corp. (NASDAQ:FSV) (TSE:FSV) has earned an average recommendation of “Hold” from the six analysts that are presently covering the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $46.67.
A number of brokerages have weighed in on FSV. Zacks Investment Research downgraded shares of FirstService Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 2nd. RBC Capital Markets began coverage on shares of FirstService Corp. in a research report on Tuesday, September 20th. They issued an “outperform” rating for the company. Finally, Royal Bank Of Canada began coverage on shares of FirstService Corp. in a research report on Tuesday, September 20th. They issued an “outperform” rating and a $56.00 price objective for the company.
FirstService Corp. (NASDAQ:FSV) opened at 40.61 on Monday. The company has a 50 day moving average of $43.22 and a 200-day moving average of $46.01. The company has a market cap of $1.46 billion, a P/E ratio of 48.93 and a beta of 0.75. FirstService Corp. has a one year low of $32.71 and a one year high of $53.15.
FirstService Corp. (NASDAQ:FSV) last posted its earnings results on Wednesday, October 26th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.15. The company earned $409.10 million during the quarter, compared to the consensus estimate of $408.89 million. FirstService Corp. had a net margin of 2.12% and a return on equity of 19.59%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. On average, equities analysts expect that FirstService Corp. will post $1.56 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in FSV. Tower Research Capital LLC TRC boosted its stake in FirstService Corp. by 146.1% in the third quarter. Tower Research Capital LLC TRC now owns 2,461 shares of the company’s stock worth $115,000 after buying an additional 1,461 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in FirstService Corp. by 3,998.1% in the second quarter. JPMorgan Chase & Co. now owns 4,303 shares of the company’s stock worth $197,000 after buying an additional 4,198 shares in the last quarter. Parametric Portfolio Associates LLC bought a new stake in FirstService Corp. during the second quarter worth approximately $227,000. Quadrature Capital Ltd bought a new stake in FirstService Corp. during the second quarter worth approximately $252,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in FirstService Corp. by 407.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,759 shares of the company’s stock worth $269,000 after buying an additional 4,623 shares in the last quarter. 54.45% of the stock is owned by institutional investors and hedge funds.
FirstService Corp. Company Profile
FirstService Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company’s operations are conducted in two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides a range of ancillary services primarily in various areas, including on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.
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