The lowest price of shares of Firstservice Corp. 52-week high of $177.69 by Investing.com.

Firstservice Corp (FSV) stock rose to a 52-week high, hitting a price level of $177.69 USD, marking an important milestone for the company. This peak shows a strong 1-year change, the stock value has increased by 21.05%. Investors have shown more confidence in Firstservice Corp's market position and growth prospects, which has contributed to the stock's impressive performance over the past year. The company's ability to achieve this high amid market volatility underlines its resilience and positive sentiment regarding its financial health and future outlook.

In other recent news, FirstService (NASDAQ: ) Corporation made significant strides in its financial performance with its second quarter earnings beating expectations due to strong revenue and margin growth. The company's EBITDA rose 12% to $132 million, while total revenue saw a 16% year-over-year increase, largely due to strategic acquisitions. FirstService Residential's revenue also grew by 8%, due to organic growth and the acquisition of CitiScape.

In addition to its financial growth, FirstService has expanded its fire protection services through the acquisition of Citadel Fire Sprinkler, Inc. and Sentry Fire Protection Co., Inc. through its subsidiary, Century Fire Protection. This acquisition is part of the company's strategy to increase its scale and fill gaps in existing markets.

In response to this latest development, RBC Capital Markets increased its target price on FirstService from $187 to $192, while maintaining an Outperform rating on the company's shares. Similarly, Scotiabank raised its price target for FirstService to $190 from $175, maintaining a Sector Perform rating. Both companies expect FirstService to enter a strong growth phase, driven by multiple organic growth and a strong merger and acquisition strategy.

InvestingPro Insights

Firstservice Corp's (FSV) recently hit a 52-week high with several key metrics and InvestingPro tips highlighting the company's financial health. With a market capitalization of $7.98 billion USD and a significant revenue growth of 12.94% in the last twelve months from Q2 2024, FSV's financial strength is evident. The company's gross margin stands at a healthy 32.42%, which strengthens its profitability.

InvestingPro's tip that stands out is FSV's consistent dividend growth, the company has increased its dividend for 9 consecutive years, demonstrating its commitment to returning value to shareholders. Additionally, analysts are not only predicting sales growth for the current year but also expecting the company to be profitable, which may contribute to the stock's rise.

Investors should note that FSV trades at a high Price/Book multiple of 7.35, which may indicate premium valuation. However, the company's strong return over the past three months, at 22.53%, suggests that the market is responding positively to its performance and growth strategy.

For those interested in delving deeper, InvestingPro offers additional tips, with more than 14 different insights available for FSV, including opinions on earnings updates and valuation multiples. This can provide a broad overview of the company's investment profile. Visit InvestingPro for a full list of statistics and tips to inform your investment decisions.

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