FirstService (TSE:FSV) Hits New 52-Week High – Still a Buy?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$267.80 and last traded at C$267.80, with a volume of 55832 shares traded. The stock had previously closed at C$263.29.

Wall Street Analyst Weigh In

Separately, TD Securities increased their price target on shares of FirstService from C$182.00 to C$194.00 and gave the stock a “hold” rating in a research report on Monday, October 28th.

FirstService Price Performance

The company has a 50 day moving average of C$252.99 and a 200 day moving average of C$229.20. The company has a debt-to-equity ratio of 105.28, a quick ratio of 1.25 and a current ratio of 1.74. The stock has a market capitalization of C$12.07 billion, a price-to-earnings ratio of 109.30, a PEG ratio of 107.75 and a beta of 0.96.

FirstService Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a dividend of $0.337 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Friday, September 27th. FirstService’s dividend payout ratio is presently 55.56%.

Insider Activity at FirstService

In other news, Senior Officer Douglas G. Cooke sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$262.75, for a total transaction of C$420,400.00. Insiders have sold a total of 9,700 shares of company stock valued at $2,542,791 over the last 90 days. 10.26% of the stock is owned by corporate insiders.

FirstService Company Profile

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.