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FirstService ( (TSE:FSV) ) has provided an update.
FirstService Corporation has announced its intention to initiate a normal course issuer bid (NCIB) to repurchase up to 1,600,000 of its common shares, representing 3.9% of its public float, over a 12-month period starting August 26, 2025. This move, approved by the Toronto Stock Exchange, is aimed at optimizing the use of corporate funds and mitigating the dilutive impact of stock options. The decision reflects FirstService’s strategic approach to enhance shareholder value and manage its capital structure effectively.
The most recent analyst rating on (TSE:FSV) stock is a Hold with a C$220.00 price target. To see the full list of analyst forecasts on FirstService stock, see the TSE:FSV Stock Forecast page.
Spark’s Take on TSE:FSV Stock
According to Spark, TipRanks’ AI Analyst, TSE:FSV is a Outperform.
FirstService scores well due to strong financial performance and positive earnings call insights. However, high valuation and overbought technical indicators temper enthusiasm. The company’s strategic focus on acquisitions and debt reduction is a positive, but attention to leverage and profit margins is necessary for sustained growth.
To see Spark’s full report on TSE:FSV stock, click here.
More about FirstService
FirstService Corporation is a North American leader in the property services sector, operating through two primary platforms: FirstService Residential, the largest manager of residential communities in North America, and FirstService Brands, a major provider of essential property services through branded operations and franchise systems. The company generates over $5.4 billion in annual revenues and employs approximately 30,000 people across North America. FirstService is publicly traded on NASDAQ and the Toronto Stock Exchange under the symbol ‘FSV’ and is part of the S&P/TSX 60 Index.
Average Trading Volume: 89,153
Technical Sentiment Signal: Buy
Current Market Cap: C$12.45B
See more data about FSV stock on TipRanks’ Stock Analysis page.