Firstservice Corporation Purchases 2,500 Shares of FirstService (TSE:FSV) Stock

FirstService Co. (TSE:FSV) (NASDAQ:FSV) insider Firstservice Corporation purchased 2,500 shares of the stock in a transaction on Thursday, April 30th. The stock was bought at an average price of C$181.90 per share, for a total transaction of C$454,750.00. Following the completion of the transaction, the insider directly owned 16,872 shares of the company’s stock, valued at approximately C$3,069,016.80. This trade represents a 17.39% increase in their ownership of the stock.

Firstservice Corporation also recently made the following trade(s):

• On Thursday, April 30th, Firstservice Corporation bought 2,372 shares of FirstService stock. The shares were acquired at an average price of C$182.30 per share, for a total transaction of C$432,415.60.
• On Thursday, April 30th, Firstservice Corporation bought 1,000 shares of FirstService stock. The shares were acquired at an average price of C$181.60 per share, for a total transaction of C$181,600.00.
• On Thursday, April 30th, Firstservice Corporation bought 1,500 shares of FirstService stock. The shares were acquired at an average price of C$181.50 per share, for a total transaction of C$272,250.00.
• On Thursday, April 30th, Firstservice Corporation bought 500 shares of FirstService stock. The shares were acquired at an average price of C$180.40 per share, for a total transaction of C$90,200.00.

FirstService Price Performance

Shares of FSV stock traded down C$4.73 during trading hours on Monday, hitting C$179.50. 81,225 shares of the company’s stock were exchanged, compared to its average volume of 128,304. The stock’s 50-day moving average is C$197.51 and its 200-day moving average is C$210.45. The company has a debt-to-equity ratio of 95.68, a current ratio of 1.26 and a quick ratio of 1.25. The stock has a market cap of C$8.25 billion, a price-to-earnings ratio of 50.56, a price-to-earnings-growth ratio of 107.75 and a beta of 0.84. FirstService Co. has a 52 week low of C$169.60 and a 52 week high of C$290.34.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its earnings results on Thursday, April 23rd. The company reported C$1.32 EPS for the quarter. The company had revenue of C$1.83 billion for the quarter. FirstService had a return on equity of 12.11% and a net margin of 2.93%. As a group, research analysts forecast that FirstService Co. will post 7.5161189 EPS for the current year.

Analyst Upgrades and Downgrades

FSV has been the topic of several recent research reports. TD Securities increased their target price on FirstService from C$211.00 to C$217.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. TD cut their target price on FirstService from C$217.00 to C$201.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$209.00.

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. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.