FirstService (TSE:FSV) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of FirstService Co. (TSE:FSV) (NASDAQ:FSV) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$234.83 and traded as low as C$211.46. FirstService shares last traded at C$212.60, with a volume of 182,559 shares traded.

Analyst Ratings Changes

Separately, TD Securities boosted their price target on shares of FirstService from C$211.00 to C$217.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and a consensus price target of C$217.00.

FirstService Trading Down 2.2%

The company has a market cap of C$9.39 billion, a price-to-earnings ratio of 64.83, a P/E/G ratio of 107.75 and a beta of 0.78. The business has a fifty day simple moving average of C$215.46 and a 200 day simple moving average of C$234.18. The company has a quick ratio of 1.25, a current ratio of 15.15 and a debt-to-equity ratio of 100.79.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its quarterly earnings results on Wednesday, February 4th. The company reported C$1.88 earnings per share (EPS) for the quarter. FirstService had a net margin of 2.65% and a return on equity of 11.33%. The business had revenue of C$1.82 billion during the quarter. On average, equities analysts anticipate that FirstService Co. will post 7.5161189 EPS for the current fiscal year.

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.