FirstService (NASDAQ:FSV) Price Target Raised to $203.00

by · The Markets Daily

FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) had its price objective upped by equities research analysts at TD from $195.00 to $203.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD‘s target price suggests a potential upside of 41.62% from the stock’s previous close.

Several other research firms have also recently commented on FSV. Wall Street Zen cut shares of FirstService from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $190.00 target price on shares of FirstService in a report on Friday. Scotiabank reaffirmed an “outperform” rating on shares of FirstService in a report on Friday. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $178.00 price target on shares of FirstService in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $144.00 price target on shares of FirstService in a report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.82.

Check Out Our Latest Stock Report on FirstService

FirstService Stock Down 2.6%

Shares of FSV stock traded down $3.88 on Friday, hitting $143.34. The stock had a trading volume of 122,853 shares, compared to its average volume of 209,867. The business has a 50 day moving average of $135.69 and a 200 day moving average of $138.74. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 40.69, a price-to-earnings-growth ratio of 3.02 and a beta of 0.95. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.63 and a quick ratio of 1.63. FirstService has a 12-month low of $119.41 and a 12-month high of $171.88.

FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.05. FirstService had a net margin of 2.88% and a return on equity of 18.07%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $1.76 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts expect that FirstService will post 5.61 EPS for the current year.

Institutional Trading of FirstService

Hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. grew its position in shares of FirstService by 52.2% during the 1st quarter. Bessemer Group Inc. now owns 191,970 shares of the financial services provider’s stock valued at $26,672,000 after acquiring an additional 65,830 shares during the period. Bank of America Corp DE increased its stake in shares of FirstService by 8.2% during the 1st quarter. Bank of America Corp DE now owns 240,316 shares of the financial services provider’s stock worth $33,390,000 after purchasing an additional 18,146 shares during the last quarter. Sei Investments Co. increased its stake in shares of FirstService by 59.2% during the 1st quarter. Sei Investments Co. now owns 63,388 shares of the financial services provider’s stock worth $8,806,000 after purchasing an additional 23,577 shares during the last quarter. Nykredit A S bought a new stake in shares of FirstService in the 2nd quarter worth approximately $1,585,000. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of FirstService by 13.9% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 66,437 shares of the financial services provider’s stock worth $9,519,000 after purchasing an additional 8,084 shares during the period. Institutional investors own 69.35% of the company’s stock.

Key FirstService News

Here are the key news stories impacting FirstService this week:

  • Positive Sentiment: Scotiabank raised its price target to $175 from $170 and maintained a “sector outperform” rating, implying substantial upside from recent trading levels. Scotiabank FirstService rating
  • Positive Sentiment: Third-quarter revenue increased 5.8% year over year to $1.53 billion, while adjusted EBITDA rose to $169.7 million from $164.8 million. Adjusted EPS of $1.89 exceeded the $1.84 consensus estimate and increased from $1.76 a year earlier. FirstService third-quarter 2026 results
  • Neutral Sentiment: Management described balanced top-line growth across FirstService’s property management and property services divisions, but the earnings call highlighted a drag from roofing-related operations. A Jacksonville office relocation is intended to improve collaboration but is unlikely to materially affect near-term financial results. FirstService Q3 earnings call highlights
  • Negative Sentiment: GAAP operating earnings fell 7.1% to $107.4 million, while GAAP diluted EPS declined to $0.99 from $1.24. Net income and operating cash flow also weakened, reinforcing concerns about margin compression even though adjusted earnings improved. FirstService Q3 results and margin pressure
  • Negative Sentiment: Some commentary suggests FirstService’s valuation already reflects much of its expected growth, with the stock trading at a relatively elevated earnings multiple. That may limit gains unless profitability improves. FirstService valuation analysis

FirstService Company Profile

(Get Free Report)

FirstService Corporation is a Canadian provider of property management and property services serving customers primarily in the United States and Canada. The company operates through two main businesses: FirstService Residential and FirstService Brands.

FirstService Residential provides property management services for condominium and homeowners’ associations, cooperatives, and other residential communities. Its services include community administration, financial management, maintenance coordination, customer support, and related operational services.

FirstService Brands operates and supports a network of property-service businesses, including companies involved in property restoration, painting, flooring, window treatments, and other residential and commercial services.

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