From MarketBeat:

Research analysts at StockNews.com initiated coverage on shares of FirstService (NASDAQ:FSV – Get Free Report) TSE: FSV, giving the financial services provider’s stock a “hold” rating. FirstService trading down 0.5% on Friday. FSV opened at $162.09, with a 12-month low of $121.77 and high of $166.27. The company has a market cap of $7.23 billion and average rating of “Moderate Buy” with a consensus target price of $171.86.

FirstService Corporation, providing property management services in the US and Canada, saw a net margin of 3.10% and a return on equity of 20.51%. The reported EPS for the quarter was $1.18, missing the consensus estimate by ($0.02). The company had revenue of $1.12 billion for the quarter, higher than the consensus estimate of $1.06 billion. Analysts forecast an EPS of 4.36 for the year.

A number of institutional investors have recently added to or reduced their stakes in FSV. Hedge funds and other institutional investors own 69.49% of the company’s stock. Vanguard Group Inc. boosted its holdings in shares of FirstService by 1.9% in the 3rd quarter, currently owning 1,582,337 shares.

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Read more: FirstService (NASDAQ:FSV) Coverage Initiated at StockNews.com