Raymond James restated their market perform rating on shares of FirstService (NASDAQ:FSV) (TSE:FSV) in a research report sent to investors on Friday. They currently have a $84.00 price objective on the financial services provider’s stock.

A number of other analysts also recently issued reports on FSV. Royal Bank of Canada raised their price objective on shares of FirstService from $88.00 to $92.00 and gave the stock a sector perform rating in a report on Thursday. BidaskClub upgraded shares of FirstService from a buy rating to a strong-buy rating in a research report on Friday, January 25th. ValuEngine upgraded shares of FirstService from a hold rating to a buy rating in a research report on Saturday, January 5th. Finally, Zacks Investment Research upgraded shares of FirstService from a sell rating to a hold rating in a report on Monday, December 24th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $84.00.

NASDAQ FSV opened at $84.71 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.38 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 47.06 and a beta of 0.99. FirstService has a 12-month low of $62.90 and a 12-month high of $90.21.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.31). FirstService had a return on equity of 31.55% and a net margin of 3.41%. The company had revenue of $503.31 million for the quarter, compared to analyst estimates of $481.54 million. During the same quarter in the prior year, the company earned $0.49 earnings per share. FirstService’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, research analysts forecast that FirstService will post 1.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 29th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.71%. This is a positive change from FirstService’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, March 28th. FirstService’s payout ratio is presently 30.00%.

Several institutional investors and hedge funds have recently made changes to their positions in FSV. Dimensional Fund Advisors LP lifted its holdings in shares of FirstService by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 115,782 shares of the financial services provider’s stock worth $8,804,000 after acquiring an additional 1,098 shares during the last quarter. Raymond James & Associates purchased a new position in FirstService during the 2nd quarter valued at $350,000. Northern Trust Corp increased its position in FirstService by 8.9% during the 2nd quarter. Northern Trust Corp now owns 16,630 shares of the financial services provider’s stock valued at $1,264,000 after purchasing an additional 1,361 shares during the period. Baskin Financial Services Inc. increased its position in FirstService by 2.1% during the 3rd quarter. Baskin Financial Services Inc. now owns 180,071 shares of the financial services provider’s stock valued at $15,202,000 after purchasing an additional 3,723 shares during the period. Finally, Empirical Finance LLC purchased a new position in FirstService during the 3rd quarter valued at $207,000. Hedge funds and other institutional investors own 68.73% of the company’s stock.

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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