FirstService Corp (NASDAQ:FSV) (TSE:FSV) has received a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $86.67.

A number of equities analysts have weighed in on FSV shares. Raymond James boosted their target price on FirstService from $84.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Royal Bank of Canada boosted their target price on FirstService from $88.00 to $92.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 7th. BidaskClub raised FirstService from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 25th. Zacks Investment Research lowered FirstService from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, William Blair reissued a “market perform” rating on shares of FirstService in a research report on Wednesday, February 6th.

A number of large investors have recently modified their holdings of the business. Conestoga Capital Advisors LLC bought a new position in shares of FirstService during the 4th quarter valued at approximately $33,658,000. Norges Bank bought a new position in FirstService in the 4th quarter worth approximately $26,310,000. 1832 Asset Management L.P. boosted its stake in FirstService by 66.4% in the 4th quarter. 1832 Asset Management L.P. now owns 435,903 shares of the financial services provider’s stock worth $29,941,000 after purchasing an additional 173,965 shares during the period. The Manufacturers Life Insurance Company boosted its stake in FirstService by 23.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 746,985 shares of the financial services provider’s stock worth $66,736,000 after purchasing an additional 143,267 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in FirstService by 70.8% in the 4th quarter. Mackenzie Financial Corp now owns 340,325 shares of the financial services provider’s stock worth $23,305,000 after purchasing an additional 141,096 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Shares of FSV traded up $1.87 during trading hours on Monday, hitting $88.84. The company had a trading volume of 851 shares, compared to its average volume of 34,119. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.45. The firm has a market cap of $3.11 billion, a PE ratio of 49.51 and a beta of 0.95. FirstService has a 52-week low of $64.87 and a 52-week high of $90.21.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $485.70 million during the quarter, compared to analysts’ expectations of $468.98 million. FirstService had a return on equity of 23.44% and a net margin of 3.12%. FirstService’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. As a group, sell-side analysts anticipate that FirstService will post 1.88 EPS for the current year.

FirstService Company Profile

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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