TD Securities Cuts FirstService (TSE:FSV) Price Target to C$211.00

FirstService (TSE:FSV) (NASDAQ:FSV) had its target price cut by TD Securities from C$213.00 to C$211.00 in a research report released on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Scotiabank raised FirstService from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$211.00.

FirstService Stock Down 2.2%

Shares of FSV opened at C$212.68 on Wednesday. The business’s fifty day moving average price is C$257.57 and its two-hundred day moving average price is C$253.03. The firm has a market capitalization of C$9.69 billion, a price-to-earnings ratio of 70.19, a PEG ratio of 107.75 and a beta of 0.96. FirstService has a 52 week low of C$212.49 and a 52 week high of C$290.34. The company has a debt-to-equity ratio of 136.54, a quick ratio of 1.25 and a current ratio of 1.81.

FirstService Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 30th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 0.5%. FirstService’s payout ratio is 35.48%.

Insider Transactions at FirstService

In other FirstService news, Director Erin Joy Wallace sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of C$275.74, for a total transaction of C$827,214.00. Following the transaction, the director owned 10,000 shares in the company, valued at approximately C$2,757,380. This trade represents a 23.08% decrease in their ownership of the stock. Company insiders own 10.26% of the company’s stock.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue.