Stocks

Why FirstService Corp stock is plummeting today

By Wealth Awesome Newsroom -
Stocks & ETFs:FSV.TO

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FirstService Corp's stock is experiencing a significant decline, raising concerns among investors.

FirstService Corp (FSV.TO) is facing a challenging day as its stock price has dropped 11.19%, closing at CA$177.10. This downturn has left investors questioning the company's stability and future prospects.

Investor takeaway: Investors should closely monitor FirstService Corp's performance and consider the implications of this sharp decline on their investment strategy.

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FirstService Corp

FSV.TO

Full stock page โ†’

FSV.TO

FirstService Corp

Source:WealthAwesomeWealthAwesome
โ†“ $14.81 (-6.91%)
120 day period
$171.21$198.41$225.61Jan 28Apr 28Jul 22

Market cap

$9.30B

P/E

40.1x

Div. yield

0.55%

Div. / share

$1.13

52W high

$288.14

52W low

$169.24

1W change

-3.46%

Beta

0.90

Analyst Price Targets

Based on analyst covering FSV

๐Ÿ“ˆ

Wall Street analysts forecast FSV stock price to rise 26.1% over the next 12 months.

Consensus

Bullish

Based on avg. target vs last close (formal rating unavailable for Canadian listings)

Avg. Target

C$251.54

+26.1% Upside

Current Price

C$199.42

Last close

Analyst ratings and price targets are updated periodically. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on FSV's historical volatility

HistoricalForecast68%95%
C$140.17C$168.33C$196.49C$224.64C$252.80C$280.96TodayMar 12May 20Jul 22Sep 3Oct 17Nov 29

30-Day Vol

26.6%

Annualized

90-Day Vol

30.4%

Annualized

Trend (90d)

-1.2%

Annualized drift

90d Mean

C$198.54

Expected price

HorizonExpected68% Range (1ฯƒ)
30 trading daysC$199.13C$181.68 โ€“ C$218.25
60 trading daysC$198.83C$174.65 โ€“ C$226.36
90 trading daysC$198.54C$169.38 โ€“ C$232.71

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯƒ, 95% band = ยฑ2ฯƒ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

FirstService Corp down 11.19% today

With a market cap of CA$9.3 billion, this drop reflects a substantial loss of investor confidence.

Bull case

Despite todayโ€™s decline, FirstService Corp has a strong market presence and a history of increasing dividends, which might appeal to long-term investors looking for stability.

Bear case

The steep drop in stock price could indicate deeper issues within the company or the broader market, leading investors to reconsider their positions.

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