FirstService (FSV) Rating Increased to Hold at BidaskClub

FirstService (NASDAQ:FSV) (TSE:FSV) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.

A number of other equities analysts have also recently weighed in on FSV. William Blair restated a “market perform” rating on shares of FirstService in a research report on Thursday, February 1st. Royal Bank of Canada upped their price objective on shares of FirstService from $75.00 to $78.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Finally, Zacks Investment Research upgraded shares of FirstService from a “strong sell” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Tuesday, February 13th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $69.20.

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FirstService stock opened at $71.36 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.33. FirstService has a 12 month low of $57.17 and a 12 month high of $74.49. The stock has a market cap of $2,534.18, a price-to-earnings ratio of 49.21 and a beta of 0.52.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. FirstService had a net margin of 3.11% and a return on equity of 29.64%. The firm had revenue of $438.10 million during the quarter, compared to analysts’ expectations of $416.13 million. During the same period in the previous year, the business posted $0.41 EPS. The business’s revenue was up 15.0% compared to the same quarter last year. research analysts anticipate that FirstService will post 2.65 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. ARP Americas LP acquired a new stake in shares of FirstService in the fourth quarter valued at about $269,000. State of Wisconsin Investment Board acquired a new stake in shares of FirstService in the third quarter valued at about $308,000. Legal & General Group Plc raised its position in shares of FirstService by 40.1% in the third quarter. Legal & General Group Plc now owns 4,887 shares of the financial services provider’s stock valued at $320,000 after buying an additional 1,400 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of FirstService in the fourth quarter valued at about $357,000. Finally, Forsta AP Fonden acquired a new stake in shares of FirstService in the fourth quarter valued at about $765,000. Institutional investors own 63.30% of the company’s stock.

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FirstService Company Profile

Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.

Analyst Recommendations for FirstService (NASDAQ:FSV)

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