William Blair analyst Stephen Sheldon has reiterated their bullish stance on FSV stock, giving a Buy rating on July 18.
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Stephen Sheldon has given his Buy rating due to a combination of factors including FirstService’s robust financial performance and promising future outlook. The company reported strong second-quarter results, surpassing both the firm’s and consensus estimates in terms of revenue and earnings. Revenue grew by 9% year-over-year, with a notable increase in adjusted EBITDA and EPS, indicating strong operational efficiency and profitability.
Management’s reaffirmation of its 2025 guidance further supports the Buy rating, as it projects continued revenue growth and margin expansion. The company’s strategy to scale its roofing installation and repair business presents additional opportunities for long-term margin improvement. FirstService’s ability to deliver consistent revenue and earnings growth, even in varied economic conditions, underscores its status as a well-managed company with durable growth prospects.
According to TipRanks, Sheldon is a 4-star analyst with an average return of 5.6% and a 60.67% success rate. Sheldon covers the Technology sector, focusing on stocks such as Agilysys, Olo, and Par Technology.
In another report released on July 18, Stifel Nicolaus also maintained a Buy rating on the stock with a $220.00 price target.