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FirstService (FSV) Catches Eye: Stock Jumps 8.6%

FirstService Corporation FSV was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $85.79 to $89.01 in the past one-month time frame.

The move came after the company announced that it has entered into a deal to acquire Global Restoration Holdings, LLC.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.        

FirstService currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%. 

FirstService Corporation Price

FirstService Corporation Price

FirstService Corporation price | FirstService Corporation Quote

Investors interested in the Real Estate - Operations industry may consider a better-ranked stock like HFF, Inc. HF, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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