|Over a week ago|
FirstService announces subsidiary acquired Insurance Restoration Specialists » 07:4009/1409/14/21
FirstService Corporation announced that its subsidiary, First Onsite Property Restoration, has recently acquired Insurance Restoration Specialists. Terms of the transaction were not disclosed. "This transaction follows on the heels of our prior acquisition of Manhattan-based Maxons Restorations. The addition of IRS provides us with greater capabilities to serve the marquee New York City market and the broader Tri-State region of New York, New Jersey and Connecticut," said Stacy Mazur, First Onsite CEO, U.S. "The strong, collaborative leadership at IRS, combined with their deep customer relationships and environmental experience in key practice areas, provides a seamless fit with our operations. We look forward to having them join the First Onsite team," he concluded.
FirstService's First Onsite acquires Insurance Restoration Specialists » 08:5709/0909/09/21
First Onsite Property…
First Onsite Property Restoration has acquired Insurance Restoration Specialists, a New Jersey-based disaster recovery and environmental solutions provider. The acquisition is part of First Onsite's expansion strategy to attain operational excellence for clients by focusing on geographical expansion and timely response. By acquiring IRS, First Onsite expands its service platform in environmental and HVAC work. "The strong, collaborative leadership at IRS combined with their deep customer relationships in key practice areas makes them a seamless new addition for the First Onsite brand. We look forward to having them join our team," stated Stacy Mazur, First Onsite CEO, U.S.
|Over a month ago|
FirstService Onsite acquires Complete DKI, Moore Restoration » 07:3708/1908/19/21
FirstService announced that its subsidiary, First Onsite Property Restoration, has recently acquired Complete DKI and Moore Restoration. Terms of the two transactions were not disclosed. Headquartered in Pensacola, Florida, Complete is a provider of disaster restoration services in the Florida Panhandle region. Complete's three offices provide emergency and catastrophe response, construction services, environmental services, and fire, smoke and water damage repair to a broad range of commercial and insurance clients. Moore, founded in 1997 and based in Indianapolis, is a commercial restoration services firm in the central Indiana region. Moore has developed a particularly strong reputation and expertise as a leading provider of infectious control and disinfection services to hospitals and a wide range of other healthcare clients across the Midwest U.S.
FirstService reports Q2 adjusted EPS $1.21 vs. 86c last year » 07:5207/2707/27/21
Reports Q2 revenue…
Reports Q2 revenue $831.6M vs. $621.6M last year. "The strong results for this second quarter reflect an acceleration of activity in many of our brands and a resumption of amenity services approaching normalized levels in our property management business," said Scott Patterson, Chief Executive Officer of FirstService. "We are very pleased with our performance in the face of a challenging labour market. Recruitment and adding resources to our talented teams is a focus area for us to further capitalize on the strong market demand," he concluded.
|Over a quarter ago|
FirstService's FIrst Onsite acquires Maxons Restorations » 07:4005/2605/26/21
FirstService announced today that its subsidiary, First Onsite Property Restoration, has recently acquired Maxons Restorations. Damon Gersh, CEO of Maxons, and other senior executives have retained a minority interest and will continue to run day-to-day operations. Terms of the transaction were not disclosed. "Maxons establishes an important foothold for us in the largest U.S. metropolitan market, with an opportunity to broaden our client service offerings within the Tri-State region of New York, New Jersey and Connecticut," said Stacy Mazur, First Onsite CEO, U.S. "This transaction is another key step in our strategy to expand our geographic footprint to better serve our national commercial accounts. We are delighted to welcome Damon and his experienced team to our organization as we collectively work to enhance our service capabilities and grow our business in the Northeast U.S."
new option listings and one option delisting on May 5th » 08:3005/0505/05/21
AIQ, ASEA, BTX, CIGI, DOOO, EDR, ELDN, FLUX, FSV, GWRS, MYMD, NEBC, SLGL, TARA, VRCA
New option listings for…
New option listings for May 5th include Global X Funds Global X Future Analytics Tech ETF (AIQ), Global X SuperDividend Alternatives (ALTY), Global X Southeast Asia (ASEA), Aspirational Consumer Lifestyle Corp (Class A Stock) (ASPL), Brooklyn ImmunoTherapeutics Inc (BTX), Global X MSCI China Information Technology ETF (CHIK), Colliers International (CIGI), BRP Inc (DOOO), Endeavor Group Holdings Inc (Class A Stock) (EDR), Eledon Pharmaceuticals Inc (ELDN), Fidelity Momentum Factor ETF (FDMO), Fidelity Dividend ETF for Rising Rates (FDRR), Fidelity Core Dividend ETF (FDVV), Fidelity International High Dividend ETF (FIDI), Flux Power Holdings Inc (FLUX), Fidelity Quality Factor ETF (FQAL), Fidelity Small Mid Multifactor ETF (FSMD), FirstService (FSV), Fidelity Value Factor ETF (FVAL), Global Water Resources (GWRS), Global X Thematic Growth ETF (GXTG), Direxion Daily S&P 500 High Beta Bull 3x Shares (HIBL), Global X Conscious Companies (KRMA), Global X Millennials Thematic (MILN), MyMD Pharmaceuticals Inc (MYMD), Nebula Caravel Acquisition Corporation (Class A Stock) (NEBC), Fidelity Nasdaq Composite Index (ONEQ), First Trust Nasdaq Artificial Intelligence and Robotics (ROBT), Global X SuperDividend Emerging Markets ETF (SDEM), Sol Gel Technologies Ltd (SLGL), SVF Investment Corporation (Class A Stock) (SVFA), Protara Therapeutics Inc (TARA), Verrica Parmaceuticals Inc (VRCA), Direxion Daily Consumer Discretionary Bull 3x Shares (WANT), Direxion Daily Dow Jones Internet Bull 3x Shares (WEBL), and Global X S&P 500 Covered Call ETF (XYLD). Option delistings effective May 5th include Valaris Plc (VALPQ).
Raymond James downgrades FirstService to Market Perform on 'healthy valuation' » 14:1504/2804/28/21
As previously reported,…
As previously reported, Raymond James analyst Frederic Bastien downgraded FirstService to Market Perform from Outperform with a price target of $175, up from $160. While the company has demonstrated that it can "vigorously cut costs in the face of economic disruption and still seize on emerging revenue opportunities," with the share price up 113% since a year ago, he feels that the company's "leadership position in North America's big and fragmented market for residential property services" is appropriately recognized in the stock's "healthy valuation," Bastien tells investors. Though both of the company's divisions contributed evenly to a Q1 beat and face "easy" comparisons in Q2, the stock is "now expensive on an absolute and relative basis," Bastien added in a post-earnings research note.
FirstService downgraded to Market Perform from Outperform at Raymond James » 14:0904/2804/28/21
Raymond James analyst…
Raymond James analyst Frederic Bastien downgraded FirstService to Market Perform from Outperform.
Fly Intel: Top five analyst downgrades » 09:5504/2804/28/21
DTE, FSLY, FSV, SAVE, ENPH
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. DTE Energy (DTE) downgraded to Neutral from Buy at UBS with analyst Daniel Ford saying the stock is up 5.6% over the past month and is also outperforming Utility ETF XLU over the past 6- and 12-months. 2. Fastly (FSLY) downgraded to Market Perform from Outperform at Raymond James with analyst Robert Majek telling investors in a research note that the firm's in-house traffic data collection work suggests flattish YTD trends in terms of requests-per-second, an important KPI in Fastly's usage-based model. 3. FirstService (FSV) downgraded to Hold from Buy at TD Securities with analyst Daryl Young saying its "large and highly fragmented" market opportunity and its demonstrated ability to compound value through acquisitions are now appropriately reflected in the valuation. 4. Spirit Airlines (SAVE) downgraded to In Line from Outperform at Evercore ISI with analyst Duane Pfennigwerth saying shares are up 52% year-to-date and over 200% in the last twelve months and Spirit has seen "significant" enterprise value expansion from pre-pandemic levels. 5. Enphase Energy (ENPH) downgraded to Market Perform from Outperform at Northland with analyst Gus Richard saying the tight supply of semiconductors is expected to constrain growth in Q2. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
FirstService downgraded to Hold from Buy at TD Securities » 09:0504/2804/28/21
TD Securities analyst…
TD Securities analyst Daryl Young downgraded FirstService to Hold from Buy with a price target of $180, up from $175. The analyst remains attracted to FirstService's "large and highly fragmented" market opportunity and its demonstrated ability to compound value through acquisitions. However, these attributes are now appropriately reflected in the valuation, Young tells investors in a research note.