FirstService (NASDAQ:FSV) (TSE:FSV)‘s stock had its “market perform” rating reissued by equities research analysts at Raymond James in a note issued to investors on Friday. They currently have a $84.00 price objective on the financial services provider’s stock. Raymond James’ price target points to a potential downside of 0.47% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded FirstService from a “hold” rating to a “strong-buy” rating and set a $97.00 price objective for the company in a research note on Tuesday, February 12th. BidaskClub cut FirstService from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 20th. William Blair reiterated a “market perform” rating on shares of FirstService in a research note on Wednesday, February 6th. Royal Bank of Canada lifted their price objective on FirstService from $88.00 to $92.00 and gave the company a “sector perform” rating in a research note on Thursday, February 7th. Finally, ValuEngine cut FirstService from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. FirstService presently has an average rating of “Buy” and a consensus target price of $89.00.

Shares of FirstService stock opened at $84.40 on Friday. FirstService has a 12 month low of $64.87 and a 12 month high of $90.21. The stock has a market cap of $2.92 billion, a P/E ratio of 46.89 and a beta of 1.00. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.45 and a quick ratio of 1.45.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its earnings results on Wednesday, February 6th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.31). FirstService had a net margin of 3.41% and a return on equity of 31.55%. The firm had revenue of $503.31 million for the quarter, compared to analysts’ expectations of $481.54 million. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts expect that FirstService will post 1.97 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new position in shares of FirstService in the 3rd quarter valued at about $101,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of FirstService by 14.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,163 shares of the financial services provider’s stock valued at $148,000 after buying an additional 268 shares during the period. National Asset Management Inc. purchased a new stake in FirstService during the third quarter worth approximately $231,000. Citadel Advisors LLC purchased a new stake in FirstService during the third quarter worth approximately $251,000. Finally, Jane Street Group LLC purchased a new stake in FirstService during the third quarter worth approximately $267,000. Institutional investors and hedge funds own 69.68% of the company’s stock.

FirstService Company Profile

FirstService Corporation provides property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment manages private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.

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