FirstService Corp (FSV) is Initiated by RBC Capital Mkts to Outperform, Price Target at $56

FirstService Corp (FSV) was Initiated by RBC Capital Mkts to “Outperform” and the brokerage firm has set the Price Target at $56. RBC Capital Mkts advised their investors in a research report released on Sep 20, 2016.

On the company’s financial health, FirstService Corp reported $0.52 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.52. The company had revenue of $385.10 million for the quarter, compared to analysts expectations of $382.95 million. The company’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

FirstService Corporation is a provider of property services. The Company offers property services through two service platforms including FirstService Residential and FirstService Brands. FirstService Residential manages approximately 7000 properties in residential communities. In addition to property management services FirstService Residential provides other services in various areas such as on-site staffing including building engineering and maintenance full-service amenity management security concierge and front desk personnel and landscaping; banking and insurance products and energy conservation and management solutions. FirstService Brands provides property services through seven brands including Paul Davis Restoration CertaPro Painters California Closets Pillar to Post Home Inspectors Floorcoverings International College Pro Painters and Service America. The Company also provides services related to energy insurance financial products and loan placement.

FirstService Corp

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