Royal Bank Of Canada cut shares of FirstService Corp (TSE:FSV) (NASDAQ:FSV) from an outperform rating to a sector perform rating in a research report report published on Thursday. They currently have C$95.50 price target on the stock.
Several other equities analysts also recently weighed in on FSV. Scotiabank downgraded shares of FirstService Corp from an outperform rating to a sector perform rating and raised their target price for the company from C$89.00 to C$91.00 in a report on Thursday. BMO Capital Markets restated a market perform rating and set a C$74.00 target price on shares of FirstService Corp in a report on Thursday. Raymond James Financial, Inc. raised their target price on shares of FirstService Corp to C$81.00 and gave the company a market perform rating in a report on Thursday, July 27th. Finally, William Blair downgraded shares of FirstService Corp from an outperform rating to a market perform rating in a report on Tuesday, September 12th. Five analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and a consensus price target of C$85.38.
FirstService Corp (TSE FSV) traded up 1.86% on Thursday, reaching $89.58. 42,470 shares of the company’s stock were exchanged. The company has a market capitalization of $3.22 billion and a P/E ratio of 71.66. The firm has a 50-day moving average price of $84.93 and a 200-day moving average price of $83.32. FirstService Corp has a 1-year low of $52.28 and a 1-year high of $94.73.
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The firm also recently announced a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Friday, September 29th were issued a dividend of $0.123 per share. This is an increase from FirstService Corp’s previous quarterly dividend of $0.10. This represents a $0.49 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, September 28th.
In other FirstService Corp news, insider Corporation Firstservice bought 1,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was purchased at an average cost of C$70.50 per share, for a total transaction of C$70,500.00. Insiders have acquired a total of 5,711 shares of company stock valued at $387,790 over the last 90 days.
About FirstService Corp
Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.
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