FirstService (TSE:FSV) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of FirstService Co. (TSE:FSVGet Free Report) (NASDAQ:FSV) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$199.62 and traded as high as C$203.16. FirstService shares last traded at C$200.78, with a volume of 85,525 shares changing hands.

Analyst Ratings Changes

Several research firms have recently weighed in on FSV. TD reduced their price objective on FirstService from C$207.00 to C$195.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Raymond James Financial reduced their target price on shares of FirstService from C$215.00 to C$190.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$200.67.

Check Out Our Latest Stock Analysis on FirstService

FirstService Stock Up 0.4%

The company has a quick ratio of 1.25, a current ratio of 1.21 and a debt-to-equity ratio of 127.80. The firm has a market capitalization of C$8.82 billion, a price-to-earnings ratio of 56.88, a P/E/G ratio of 107.75 and a beta of 0.79. The stock has a 50 day moving average of C$198.90 and a 200 day moving average of C$199.62.

FirstService (TSE:FSVGet Free Report) (NASDAQ:FSV) last issued its earnings results on Thursday, July 23rd. The company reported C$2.49 EPS for the quarter. FirstService had a return on equity of 11.98% and a net margin of 2.90%.The company had revenue of C$2.06 billion during the quarter. As a group, analysts expect that FirstService Co. will post 7.5161189 earnings per share for the current fiscal year.

FirstService Company Profile

(Get Free Report)

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.

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