FirstService Corporation (NASDAQ:FSV) (TSE:FSV) had its price target increased by Royal Bank Of Canada from $65.00 to $71.00 in a report released on Thursday, July 27th. They currently have an outperform rating on the financial services provider’s stock.
Several other analysts have also recently issued reports on the company. Zacks Investment Research cut FirstService Corporation from a strong-buy rating to a hold rating in a research note on Tuesday, June 27th. Citigroup Inc. reissued a market perform rating and issued a $61.00 target price (up from $60.00) on shares of FirstService Corporation in a research note on Thursday, April 13th. BMO Capital Markets reaffirmed a hold rating and set a $65.00 price objective on shares of FirstService Corporation in a research report on Thursday, April 27th. Raymond James Financial, Inc. lifted their price objective on FirstService Corporation from $61.00 to $63.00 and gave the company a market perform rating in a research report on Thursday, April 27th. Finally, BidaskClub cut FirstService Corporation from a hold rating to a sell rating in a research report on Tuesday, June 20th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $67.00.
Shares of FirstService Corporation (NASDAQ FSV) traded down 0.56% on Thursday, hitting $63.61. The stock had a trading volume of 18,163 shares. FirstService Corporation has a 1-year low of $39.05 and a 1-year high of $67.41. The firm has a 50 day moving average of $63.87 and a 200-day moving average of $59.61. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 50.89 and a beta of 0.91.
FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.11. The company had revenue of $434.90 million for the quarter, compared to analysts’ expectations of $421.35 million. FirstService Corporation had a return on equity of 24.64% and a net margin of 2.84%. FirstService Corporation’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. Equities analysts predict that FirstService Corporation will post $1.96 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: “FirstService Corporation (NASDAQ:FSV) PT Raised to $71.00 at Royal Bank Of Canada” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://stocknewstimes.com/2017/08/09/firstservice-corporation-nasdaqfsv-price-target-raised-to-71-00-at-royal-bank-of-canada-updated.html.
A number of hedge funds have recently bought and sold shares of FSV. Dimensional Fund Advisors LP boosted its stake in FirstService Corporation by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 63,150 shares of the financial services provider’s stock valued at $2,998,000 after buying an additional 4,812 shares during the last quarter. FMR LLC raised its position in FirstService Corporation by 22.8% in the fourth quarter. FMR LLC now owns 29,766 shares of the financial services provider’s stock valued at $1,413,000 after buying an additional 5,531 shares during the last quarter. AQR Capital Management LLC raised its position in FirstService Corporation by 6.6% in the fourth quarter. AQR Capital Management LLC now owns 21,264 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 1,312 shares during the last quarter. Norges Bank acquired a new position in FirstService Corporation during the fourth quarter valued at about $17,516,000. Finally, Bank of Montreal Can raised its position in FirstService Corporation by 28.6% in the first quarter. Bank of Montreal Can now owns 933,588 shares of the financial services provider’s stock valued at $56,294,000 after buying an additional 207,455 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.
About FirstService Corporation
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.
Receive News & Ratings for FirstService Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstService Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
