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

FirstService (NASDAQ:FSV) (TSE:FSV) had its price target increased by stock analysts at Raymond James from $215.00 to $225.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price objective points to a potential upside of 21.36% from the company’s previous close.

A number of other research firms also recently issued reports on FSV. TD Securities lifted their price objective on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Scotiabank increased their price objective on shares of FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 15th. Stifel Nicolaus boosted their target price on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $201.67.

FirstService Stock Up 1.3 %

FSV traded up $2.38 during midday trading on Thursday, reaching $185.40. 15,363 shares of the company were exchanged, compared to its average volume of 114,297. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 77.32 and a beta of 1.06. FirstService has a one year low of $141.26 and a one year high of $197.84. The company’s fifty day moving average price is $185.54 and its 200 day moving average price is $181.28. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79.

Hedge Funds Weigh In On FirstService

Large investors have recently made changes to their positions in the stock. Berry Wealth Group LP grew its position in shares of FirstService by 5.4% during the 4th quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 91 shares in the last quarter. HighTower Advisors LLC grew its position in FirstService by 3.5% during the third quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider’s stock worth $533,000 after buying an additional 98 shares in the last quarter. Raymond James Trust N.A. increased its stake in FirstService by 3.2% in the 3rd quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 110 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of FirstService by 3.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,048 shares of the financial services provider’s stock valued at $616,000 after acquiring an additional 143 shares in the last quarter. Finally, Versant Capital Management Inc bought a new stake in shares of FirstService during the 4th quarter valued at about $29,000. 69.35% of the stock is owned by institutional investors.

FirstService Company Profile

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.