Scotiabank has revised its price target for FirstService (FSV, Financial), decreasing it from $217.50 to $210. Despite the adjustment, the firm maintains a Sector Perform rating on the company's shares. This update comes as Scotiabank recalibrates its projections in anticipation of FirstService's upcoming first-quarter earnings announcement.
The firm views FirstService as a defensive-growth stock, suggesting it could demonstrate resilience even in an economic downturn. The adjustment reflects Scotiabank's continued confidence in the company's ability to weather potential market challenges while highlighting cautious optimism about its performance in varying economic conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for FirstService Corp (FSV, Financial) is $206.00 with a high estimate of $217.00 and a low estimate of $197.00. The average target implies an upside of 20.08% from the current price of $171.56. More detailed estimate data can be found on the FirstService Corp (FSV) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, FirstService Corp's (FSV, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for FirstService Corp (FSV, Financial) in one year is $204.29, suggesting a upside of 19.08% from the current price of $171.555. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the FirstService Corp (FSV) Summary page.
