FirstService (NASDAQ:FSV) PT Lowered to $193.00

FirstService (NASDAQ:FSVFree Report) (TSE:FSV) had its target price lowered by BMO Capital Markets from $196.00 to $193.00 in a report released on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

Other research analysts have also issued reports about the company. Stifel Nicolaus set a $175.00 price objective on FirstService and gave the stock a buy rating in a research note on Tuesday, November 21st. Raymond James raised their target price on FirstService from $185.00 to $205.00 and gave the company an outperform rating in a research note on Friday, January 26th. Royal Bank of Canada raised their target price on FirstService from $178.00 to $187.00 and gave the company an outperform rating in a research note on Wednesday, December 20th. Scotiabank raised their target price on FirstService from $155.00 to $165.00 and gave the company an outperform rating in a research note on Tuesday, December 19th. Finally, StockNews.com assumed coverage on FirstService in a research note on Tuesday, January 23rd. They issued a buy rating for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $177.29.

Check Out Our Latest Stock Analysis on FirstService

FirstService Stock Performance

FirstService stock opened at $166.32 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.78 and a quick ratio of 1.90. The stock has a fifty day moving average price of $163.11 and a two-hundred day moving average price of $153.99. FirstService has a 52-week low of $131.75 and a 52-week high of $171.94. The firm has a market capitalization of $7.42 billion, a P/E ratio of 74.25 and a beta of 1.00.

FirstService Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 29th will be issued a $0.25 dividend. This is a boost from FirstService’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.00 annualized dividend and a yield of 0.60%. FirstService’s dividend payout ratio (DPR) is currently 40.18%.

Hedge Funds Weigh In On FirstService

Several hedge funds have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its holdings in FirstService by 2.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,520 shares of the financial services provider’s stock valued at $367,000 after acquiring an additional 70 shares during the last quarter. Cerity Partners LLC boosted its holdings in FirstService by 4.2% during the second quarter. Cerity Partners LLC now owns 1,721 shares of the financial services provider’s stock worth $265,000 after buying an additional 70 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in FirstService by 2.8% during the first quarter. Centaurus Financial Inc. now owns 2,929 shares of the financial services provider’s stock worth $413,000 after buying an additional 80 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in FirstService by 14.5% during the third quarter. Lazard Asset Management LLC now owns 759 shares of the financial services provider’s stock worth $110,000 after buying an additional 96 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in FirstService by 1.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,353 shares of the financial services provider’s stock worth $782,000 after buying an additional 97 shares during the last quarter. Institutional investors own 69.49% of the company’s stock.

About FirstService

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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.

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