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FirstService Corp (FSV) Looks Ready for Growth Despite 13.81% Change This Year

FirstService Corp (NASDAQ: FSV) is 13.81% higher on its value in year-to-date trading and has touched a low of $141.26 and a high of $197.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FSV stock was last observed hovering at around $183.71 in the last trading session, with the day’s gains setting it 0.77%.

Currently trading at $184.48, the stock is -2.58% and -2.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 0.42% at the moment leaves the stock 8.74% off its SMA200. FSV registered 13.00% gain for a year compared to 6-month gain of 23.22%. The firm has a 50-day simple moving average (SMA 50) of $188.3959 and a 200-day simple moving average (SMA200) of $169.5497.

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The stock witnessed a -4.16% loss in the last 1 month and extending the period to 3 months gives it a 1.67%, and is -1.01% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.60% over the week and 1.48% over the month.

Current P/E ratio is 77.13 and Fwd P/E is 32.88. Profit margin for the company is 2.19%. Distance from 52-week low is 30.60% and -6.75% from its 52-week high. The company has generated returns on investments over the last 12 months (4.12%).

with sales reaching $1.33B over the same period.The EPS is expected to grow by 8.09% this year, but quarterly earnings will post 19.46% year-over-year. Quarterly sales are estimated to grow 23.11% in year-over-year returns.

FirstService Corp (FSV) Top Institutional Holders

483.0 institutions hold shares in FirstService Corp (FSV), with institutional investors hold 87.01% of the company’s shares. The shares outstanding are 45.11M, and float is at 40.40M with Short Float at 0.42%. Institutions hold 78.12% of the Float.

The top institutional shareholder in the company is DURABLE CAPITAL PARTNERS LP with over 3.53 million shares valued at $538.61 million. The investor’s holdings represent 7.8815% of the FSV Shares outstanding. As of 2024-06-30, the second largest holder is MANUFACTURERS LIFE INSURANCE COMPANY, THE with 2.73 million shares valued at $415.43 million to account for 6.0952 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.74 million shares representing 3.884% and valued at over $265.43 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 3.5369 of the shares totaling 1.59 million with a market value of $241.71 million.

FirstService Corp (FSV) Insider Activity

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