Shares of FirstService Co. (TSE:FSV) (NASDAQ:FSV) have received an average recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$165.00.
FSV has been the subject of several research analyst reports. TD Securities boosted their target price on FirstService to C$175.00 and gave the stock a “buy” rating in a research note on Friday, February 12th. Royal Bank of Canada boosted their target price on FirstService to C$160.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 11th. Finally, Raymond James boosted their target price on FirstService to C$160.00 and gave the stock an “outperform” rating in a research note on Thursday, February 11th.
In other news, Senior Officer Alex Nguyen sold 15,500 shares of the business’s stock in a transaction dated Friday, March 26th. The stock was sold at an average price of C$189.00, for a total transaction of C$2,929,500.00. Following the sale, the insider now directly owns 49,000 shares in the company, valued at C$9,261,000.
TSE FSV traded up C$1.79 during trading on Friday, hitting C$193.98. 20,201 shares of the company’s stock were exchanged, compared to its average volume of 51,421. The company has a current ratio of 1.51, a quick ratio of 1.12 and a debt-to-equity ratio of 88.32. The company has a market cap of C$8.50 billion and a PE ratio of 95.14. FirstService has a fifty-two week low of C$106.90 and a fifty-two week high of C$198.70. The stock’s 50 day moving average price is C$189.99 and its two-hundred day moving average price is C$179.54.
FirstService (TSE:FSV) (NASDAQ:FSV) last issued its earnings results on Tuesday, February 9th. The company reported C$0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.68 by C($0.03). The business had revenue of C$1.01 billion during the quarter. Analysts forecast that FirstService will post 4.1500001 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 7th. Stockholders of record on Wednesday, March 31st were issued a dividend of $0.233 per share. This is a boost from FirstService’s previous quarterly dividend of $0.22. This represents a $0.93 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Tuesday, March 30th. FirstService’s payout ratio is 32.67%.
FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.
See Also: Cost of Equity For A Business, Investors
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