Director Joan Eloise Sproul Sells Shares in FirstService Co.

On December 13th, 2023, Joan Eloise Sproul, who serves as a director at FirstService Co. (TSE:FSV) (NASDAQ:FSV), sold 200 shares of the company’s stock. The transaction took place at an average selling price of C$268.69, amounting to a total value of C$53,738.00.

This sale is part of a series of transactions made by Sproul. On September 19th, she sold 100 shares of FirstService stock for an average price of C$243.91, resulting in a total of C$24,391.00.

FirstService Stock Overview

Following the recent transactions, shares of FirstService stock opened at C$267.60. Over the past year, the stock has seen a low of C$193.77 and a high of C$278.19. The company's financial metrics include a quick ratio of 1.25, a current ratio of 1.74, and a debt-to-equity ratio of 105.28. With a market capitalization of C$12.05 billion, the stock has a price-to-earnings (PE) ratio of 109.92 and a price-to-earnings-growth (PEG) ratio of 107.75. The beta of the stock is 0.96, indicating its relative volatility.

Analysts’ Outlook

In a recent update, TD Securities raised their price target for FirstService shares from C$182.00 to C$194.00, maintaining a "hold" rating in their note released on October 28th.

Company Background

FirstService Corporation provides a range of property management services and other essential services to residential and commercial clients across the United States and Canada. The company operates through two primary segments: FirstService Residential and FirstService Brands. The FirstService Residential segment specifically caters to private residential communities, including condominiums, co-operative housing, homeowner associations, and various other residential developments.

FirstService, Stocks, Transaction