FirstService (NASDAQ:FSV) Given New $225.00 Price Target at Raymond James

FirstService (NASDAQ:FSV) (TSE:FSV) had its price target lifted by equities research analysts at Raymond James from $215.00 to $225.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price objective suggests a potential upside of 21.64% from the stock’s current price.

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

FirstService Stock Down 0.4 %

Shares of NASDAQ:FSV opened at $184.97 on Wednesday. The company has a market capitalization of $8.37 billion, a PE ratio of 77.07 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. FirstService has a twelve month low of $141.26 and a twelve month high of $197.84. The firm has a 50 day simple moving average of $185.64 and a 200-day simple moving average of $180.33.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.21. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. On average, equities analysts predict that FirstService will post 4.64 EPS for the current fiscal year.

Hedge Funds Weigh In On FirstService

Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in FirstService in the 4th quarter valued at $29,000. Trust Co. of Vermont acquired a new position in FirstService in the 4th quarter valued at $46,000. Wilmington Savings Fund Society FSB acquired a new position in FirstService in the 3rd quarter valued at $53,000. Benjamin F. Edwards & Company Inc. increased its stake in FirstService by 49.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock valued at $63,000 after buying an additional 138 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in FirstService in the 3rd quarter valued at $66,000. 69.35% of the stock is owned by institutional investors and hedge funds.

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.