FirstService (TSE:FSV) Stock Passes Below 200-Day Moving Average – What’s Next?

FirstService Co. (TSE:FSV) (NASDAQ:FSV) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$201.80 and traded as low as C$198.41. FirstService shares last traded at C$200.75, with a volume of 78,625 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD cut their target price on shares of 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 equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$209.00.

FirstService Stock Up 0.3%

The firm has a 50 day moving average price of C$191.03 and a 200-day moving average price of C$201.72. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 95.68. The firm has a market cap of C$9.33 billion, a PE ratio of 57.17, a PEG ratio of 107.75 and a beta of 0.79.

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

Insider Activity at FirstService

In other news, insider Firstservice Corporation acquired 2,372 shares of FirstService stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of C$182.30 per share, for a total transaction of C$432,415.60. Following the acquisition, the insider owned 8,872 shares of the company’s stock, valued at C$1,617,365.60. This trade represents a 36.49% increase in their ownership of the stock. Over the last quarter, insiders have purchased 7,872 shares of company stock valued at $1,431,216. Corporate 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. 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.