FirstService (TSE:FSV) Sets New 52-Week High – Still a Buy?

FirstService Co. (TSE:FSV) (NASDAQ:FSV) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$267.80 and last traded at C$267.80, with a volume of 55832 shares. The stock had previously closed at C$263.29.

Wall Street Analyst Weigh In

Separately, TD Securities raised their price target on shares of FirstService from C$182.00 to C$194.00 and gave the company a “hold” rating in a report on Monday, October 28th.

FirstService Stock Performance

The company has a market cap of C$12.10 billion, a P/E ratio of 110.64, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96. The business has a 50 day moving average price of C$254.09 and a two-hundred day moving average price of C$230.02. The company has a debt-to-equity ratio of 105.28, a quick ratio of 1.25 and a current ratio of 1.74.

FirstService Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were given a $0.337 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.35 annualized dividend and a yield of 0.50%. FirstService’s payout ratio is currently 55.56%.

Insider Transactions at FirstService

In other FirstService news, Senior Officer Douglas G. Cooke sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$261.50, for a total transaction of C$784,500.00. Over the last 90 days, insiders have sold 9,700 shares of company stock worth $2,542,791. Insiders own 10.26% 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.