FirstService (TSE:FSV) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Shares of FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$246.90 and traded as low as C$212.06. FirstService shares last traded at C$214.20, with a volume of 22,912 shares traded.Analyst Upgrades and DowngradesA number of brokerages recently issued reports on FSV. TD Securities dropped their target price on FirstService from C$213.00 to C$211.00 and set a "buy" rating on the stock in a research report on Wednesday, November 5th. Scotiabank raised shares of FirstService from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, FirstService currently has an average rating of "Strong Buy" and a consensus target price of C$211.00.View Our Latest Report on FSVFirstService Trading Up 1.0%The company has a market cap of C$9.76 billion, a price-to-earnings ratio of 70.69, a P/E/G ratio of 107.75 and a beta of 0.96. The company has a debt-to-equity ratio of 136.54, a quick ratio of 1.25 and a current ratio of 1.81. The firm has a fifty day moving average price of C$220.44 and a 200 day moving average price of C$246.90. FirstService (TSE:FSV - Get Free Report) NASDAQ: FSV last issued its earnings results on Thursday, October 23rd. The company reported C$1.76 earnings per share for the quarter. FirstService had a net margin of 2.19% and a return on equity of 10.05%. The business had revenue of C$2.02 billion for the quarter. As a group, equities analysts predict that FirstService Co. will post 7.5161189 EPS for the current fiscal year. FirstService Company Profile (Get Free Report)FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company's revenue. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.Featured ArticlesFive stocks we like better than FirstServiceDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyForget AI, This Will Be the Next Big Tech BreakthroughThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in FirstService Right Now?Before you consider FirstService, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstService wasn't on the list.While FirstService currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here