FirstService (NASDAQ:FSV) Price Target Raised to $225.00 at Raymond James

FirstService (NASDAQ:FSV) (TSE:FSV) had its price objective increased by Raymond James from $215.00 to $225.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

Several other equities research analysts have also commented on the company. Stifel Nicolaus upped their price objective on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. TD Securities upped their price objective on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Scotiabank upped their price objective on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 15th. Finally, StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService Price Performance

Shares of FSV opened at $184.18 on Thursday. The firm has a market cap of $8.34 billion, a PE ratio of 76.74 and a beta of 1.06. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13. The firm has a fifty day simple moving average of $185.39 and a two-hundred day simple moving average of $181.30. FirstService has a 1-year low of $141.26 and a 1-year high of $197.84.

FirstService Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Tuesday, December 31st. FirstService’s payout ratio is currently 41.67%.

Institutional Trading of FirstService

Several institutional investors have recently added to or reduced their stakes in FSV. Vista Finance LLC purchased a new position in shares of FirstService during the fourth quarter worth approximately $338,000. Congress Asset Management Co. purchased a new position in shares of FirstService during the fourth quarter worth approximately $232,000. Fiera Capital Corp increased its position in shares of FirstService by 24.1% during the fourth quarter. Fiera Capital Corp now owns 258,848 shares of the financial services provider’s stock worth $46,839,000 after acquiring an additional 50,265 shares during the period. Entropy Technologies LP increased its position in shares of FirstService by 19.4% during the fourth quarter. Entropy Technologies LP now owns 4,300 shares of the financial services provider’s stock worth $778,000 after acquiring an additional 700 shares during the period. Finally, Empowered Funds LLC increased its position in shares of FirstService by 31.2% during the fourth quarter. Empowered Funds LLC now owns 12,769 shares of the financial services provider’s stock worth $2,311,000 after acquiring an additional 3,037 shares during the period. Institutional investors own 69.35% of the company’s stock.

About FirstService

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. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers 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.