FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
FSV has been the subject of several other reports. BMO Capital Markets upgraded FirstService from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $166.00 to $176.00 in a research note on Friday, June 30th. Royal Bank of Canada lifted their price target on shares of FirstService from $165.00 to $173.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. TheStreet upgraded shares of FirstService from a “c+” rating to a “b-” rating in a research report on Thursday, July 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of FirstService from $143.00 to $145.00 in a research note on Thursday, April 27th. Finally, TD Securities upgraded shares of FirstService from a “hold” rating to a “buy” rating and upped their target price for the stock from $150.00 to $170.00 in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, FirstService presently has a consensus rating of “Moderate Buy” and an average target price of $165.80.
FirstService Stock Performance
FSV stock opened at $151.78 on Thursday. The company has a market capitalization of $6.77 billion, a P/E ratio of 50.59 and a beta of 1.07. The company has a 50-day simple moving average of $151.72 and a 200 day simple moving average of $145.16. FirstService has a fifty-two week low of $112.44 and a fifty-two week high of $163.95. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.83.
Hedge Funds Weigh In On FirstService
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSV. Citigroup Inc. grew its holdings in shares of FirstService by 658.5% during the 1st quarter. Citigroup Inc. now owns 2,723 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 2,364 shares during the period. Natixis Advisors L.P. purchased a new position in shares of FirstService during the first quarter worth approximately $1,987,000. BlackRock Inc. boosted its stake in FirstService by 1.3% in the first quarter. BlackRock Inc. now owns 15,513 shares of the financial services provider’s stock valued at $2,248,000 after acquiring an additional 192 shares in the last quarter. Raymond James Trust N.A. lifted its stake in shares of FirstService by 45.0% during the first quarter. Raymond James Trust N.A. now owns 3,144 shares of the financial services provider’s stock worth $455,000 after buying an additional 976 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in FirstService by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 139,654 shares of the financial services provider’s stock valued at $20,233,000 after purchasing an additional 3,286 shares during the period. Institutional investors own 69.55% 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. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management 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.