This Analyst Recently Issued Research Note On FirstService Corporation (FSV)


As of Wednesday close, FirstService Corporation’s (NASDAQ:FSV) stock was up $0.48, moving up 0.38 percent to $126.61. The average number of shares traded per day over the past five days has been 95,340 shares. 3 times new highs have been achieved over the past 5 days, with a $2.55 gain in that time frame. In the last twenty days, the average volume was 75,980, while in the previous 50 days, it was 76,376.

Since last month, FSV stock retreated -1.37%. Shares of the company fell to $118.14 on 11/03/22, the lowest level in the past month. A 52-week high of $201.43 was reached on 01/03/22 after having rallying from a 52-week low of $112.44. Since the beginning of this year, FSV’s stock price has dropped by -35.56% or -$69.86, and marked a new high 1 time. However, the stock has declined by -37.15% since its 52-week high.

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Valuation Metrics

Right now, FirstService Corporation (FSV) has a P/E ratio of about 37.15. The stock’s beta is 0.92. Besides these, the trailing price-to-sales (P/S) ratio of 1.55, the price-to-book (PB) ratio of 4.82.

The latest dividend of $0.2025 per share was paid out, remained unchanged from last year’s $0.2025. On Tuesday February 15 2022, a $0.0195 dividend increase was announced.

Financial Health

In the three months ended September 29, FirstService Corporation’s quick ratio stood at 1.40, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.78, and the total debt-to-equity ratio was 0.82. On the profitability front, the trailing twelve-month gross margin is 31.50% percent. In the year ended September 29, operating margins totaled 5.50%. Based on annual data, FSV earned $201.64 million in gross profit and brought in $3.25 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.10%. Return on equity (ROE) for the past 12 months was 13.60%.

In FirstService Corporation’s quarter-end financial report for September 29, it reported total debt of $761.08 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FSV’s revenue rose 19.77% during the quarter, while net income inched up to $2.41 billion. While analysts expected FirstService Corporation to report $1.2 quarterly earnings, the actual figure was $1.17 per share, beating the consensus estimate by -2.50%. During the quarter, the company generated $89.61 million in EBITDA.

Technical Picture

This quick technical analysis looks at FirstService Corporation’s (FSV) price momentum. With a historical volatility rate of 39.59%, the RSI 9-day stood at 57.04% on 23 November.

With respect to its five-day moving average, the current FirstService Corporation price is up by +2.06% percent or $2.55. At present, FSV shares trade -1.35% below its 20-day simple moving average and +1.27% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.23% above its SMA50 and -20.35% below its SMA200.

Stochastic coefficient K was 60.83% and Stochastic coefficient D was 53.75%, while ATR was 3.30. Given the Stochastic reading of 65.51% for the 14-day period, the RSI (14) reading has been calculated as 54.69%. As of today, the MACD Oscillator reading stands at 0.15, while the 14-day reading stands at 1.51.

Analyst Ratings

FirstService Corporation (FSV) has been rated Overweight by analysts. According to 0 brokerage firms, FSV is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate FirstService Corporation stock as buy, with 2 recommending it as overweight.

With a median target price of $140.00, the current consensus forecast for the stock is $131.00 – $160.00. Based on these forecasts, analysts predict FirstService Corporation (FSV) will achieve an average price target of $142.50.


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