FirstService Kept at Outperform at BMO Capital Markets; Price Target at US$217.00

MT Newswires Live
2025/06/30

BMO Capital Markets on Monday maintained its outperform rating on the shares of FirstService (FSV.TO, FSV) and its US$217.00 price target following investor meetings with management.

"We hosted CFO Jeremy Rakusin for investor meetings in Europe. Our takeaways are positive, reflecting our belief that FirstService is well-positioned to build on its long-term track record of success to drive annual 10%+ revenue and EBITDA growth for decades; we find this long-term compounding potential attractive and deserving of the stock's premium valuation. With ~80% recurring revenue, FirstService is well-positioned for growth despite near-term temporary tariff-related macro impacts. Valuation is not demanding with the stock trading slightly below its historical average (15.8x vs. 17.1x NTM EV/EBITDA)," analyst Stephen MacLeod noted.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 235.00, Change: -1.60, Percent Change: -0.68

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