FirstService (FSV)

• Market cap: $8.26B
• 1 day: -0.41%
• 5 days: -1.61%
• 1 month: -7.18%
• 3 months: 0.13%
• 6 months: 19.89%
• Year to date: 15.58%
• 1 year: 11.60%
• 5 years: 94.67%
• 10 years: 553.25%

About: 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. FirstService Brands generates most of the company's revenue and 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. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.

Employees: 29,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

57% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 23

50% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 6 (+2) [Q3]

46% more repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 83

32% more call options, than puts

Call options by funds: $1.02M | Put options by funds: $774K

15% more capital invested

Capital invested by funds: $4.82B [Q2] → $5.54B (+$725M) [Q3]

5% more funds holding

Funds holding: 269 [Q2] → 282 (+13) [Q3]

2.06% less ownership

Funds ownership: 70.37% [Q2] → 68.3% (-2.06%) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $200 9% upside
• Avg. target: $208 13% upside
• High target: $215 18% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Stifel Daryl Young 50% 1-year accuracy 1 / 2 met price target	18% upside $215	Buy Maintained	21 Oct 2024
Scotiabank Himanshu Gupta 50% 1-year accuracy 2 / 4 met price target	9% upside $200	Sector Perform Maintained	15 Oct 2024