Brokerages Set FirstService Co. (NASDAQ:FSV) PT at $201.67

Shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $201.67.

Separately, Raymond James boosted their price target on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th.

FirstService Stock Performance

FSV opened at $176.75 on Friday. The stock’s 50 day simple moving average is $179.39 and its 200-day simple moving average is $182.27. 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 stock has a market cap of $8.01 billion, a PE ratio of 59.51 and a beta of 1.06. FirstService has a 1 year low of $141.26 and a 1 year high of $197.84.

FirstService Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.275 per share. This is a positive change from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 0.62%. The ex-dividend date is Monday, March 31st. FirstService’s dividend payout ratio is currently 37.04%.

Institutional Investors Weigh In On FirstService

Several large investors have recently made changes to their positions in FSV. Norges Bank bought a new position in FirstService during the 4th quarter valued at about $98,615,000. Franklin Resources Inc. increased its holdings in shares of FirstService by 486.3% during the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock worth $87,308,000 after buying an additional 389,129 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of FirstService in the fourth quarter valued at approximately $48,541,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of FirstService by 53.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 656,097 shares of the financial services provider’s stock worth $118,767,000 after acquiring an additional 229,889 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of FirstService by 57.4% in the 4th quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider’s stock worth $83,138,000 after acquiring an additional 166,996 shares in the last quarter. 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.