Scotiabank Reiterates Buy Rating on FirstService Corporation

Scotiabank has reiterated its buy rating on FirstService Corporation (NasdaqGS:FSV) with a price target of $175. This update, made on June 30, 2026, comes as the stock traded near $141.98 on Tuesday.

Other Institutional Activity in FirstService Corporation

Several major institutional investors have recently adjusted their holdings in FirstService Corporation. Orbis Allan Gray Ltd significantly increased its stake by 1,983,550 shares, ending with 3,968,227 shares valued at about $551.3 million. In contrast, The Manufacturers Life Insurance Company reduced its position by 861,947 shares, holding 1,913,406 shares worth approximately $265.9 million. Janus Henderson Group PLC added 219,890 shares, bringing its total to 1,587,454 shares, valued at around $220.6 million. Meanwhile, Mackenzie Financial Corp trimmed its stake by 319,824 shares, leaving it with 1,471,292 shares valued at $204.6 million. Conestoga Capital Advisors, LLC increased its position by 233,043 shares, totaling 1,405,564 shares worth about $195.3 million.

FirstService Corporation Stock Up 0.4%

Shares of FirstService Corporation traded near $141.98 on Tuesday. The company boasts a market cap of approximately $6.48 billion and has a P/E ratio of 39.7. Its forward P/E stands at 20.9, and it has a beta of 0.924. Over the past year, the stock has ranged from a low of $119.41 to a high of $209.66. The 50-day moving average is $137.44, while the 200-day moving average is $154.97. FirstService has a current ratio of 1.742 and a quick ratio of 1.256, with a debt-to-equity ratio of 71.663.

Recent Earnings

FirstService Corporation reported revenues of approximately $5.56 billion, reflecting a growth of 5.3%. The company achieved an EPS of $3.55, with a net margin of 2.92% and a return on equity of 11.23%. The next earnings release is scheduled for July 23, 2026.

Dividend

FirstService pays an annual dividend of $1.22, yielding 0.87%. The dividend payout ratio stands at 31.83%.

Insider Buying and Selling at FirstService Corporation

On February 11, 2026, Fred Reichheld sold 6,000 shares of FirstService Corporation at an average price of $161.88. This transaction was not part of a pre-planned trading program.

Analysts Set New Price Targets

On June 30, 2026, Scotiabank maintained its buy rating on FirstService Corporation with a price target of $175. Earlier, TD Cowen reiterated a buy rating with a target of $204 on June 3, 2026. The consensus among analysts is a buy rating, with an average target price of $190.38 based on eight opinions.

About FirstService Corporation

FirstService Corporation, headquartered in Toronto, Canada, provides property management and essential property services in the U.S. and Canada. It operates under two segments: FirstService Residential, which offers full-service property management and ancillary services, and FirstService Brands, which provides property services through brands like First Onsite Property Restoration and CertaPro Painters. Founded in 1988, the company is led by CEO D. Scott Patterson and employs around 30,000 people.

Bottom Line

Scotiabank's reiteration of a buy rating with a $175 target reflects continued confidence in FirstService Corporation's performance. Investors track such analyst updates for insights into potential stock movements, although 13F filings and insider transactions are backward-looking and may not indicate current positions.