FirstService (NASDAQ:FSV) Rating Increased to Buy at StockNews.com

FirstService (NASDAQ:FSV) (TSE:FSV) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Separately, Raymond James raised their price objective on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $201.67.

FirstService Stock Up 1.5 %

NASDAQ FSV traded up $2.45 during mid-day trading on Wednesday, hitting $170.46. The company’s stock had a trading volume of 161,530 shares, compared to its average volume of 93,305. The company’s 50 day simple moving average is $175.92 and its 200 day simple moving average is $181.81. FirstService has a twelve month low of $141.26 and a twelve month high of $197.84. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 57.39 and a beta of 1.12.

Institutional Investors Weigh In On FirstService

Hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc bought a new stake in shares of FirstService during the 4th quarter worth $29,000. Trust Co. of Vermont bought a new stake in FirstService in the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB bought a new stake in FirstService in the 3rd quarter valued at about $53,000. Natixis raised its stake in FirstService by 5,511.1% in the 4th quarter. Natixis now owns 505 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 496 shares during the period. Finally, State of Wyoming bought a new stake in FirstService in the 4th quarter valued at about $101,000. 69.35% of the stock is currently owned by institutional investors.

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.