Fiera Capital Co. (TSE:FSZ) Given Average Recommendation of “Buy” by Analysts

Shares of Fiera Capital Co. (TSE:FSZ) have earned an average recommendation of “Buy” from the one ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is C$7.43.

FSZ has been the subject of several research analyst reports. National Bankshares upped their price target on Fiera Capital from C$6.00 to C$7.50 and gave the stock a “sector perform” rating in a research note on Thursday, February 29th. CIBC raised their price objective on Fiera Capital from C$7.00 to C$8.25 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Scotiabank lifted their price target on shares of Fiera Capital from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 29th. TD Securities increased their price objective on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Finally, Royal Bank of Canada boosted their target price on shares of Fiera Capital from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th.

Fiera Capital Trading Up 1.4 %

TSE FSZ opened at C$7.43 on Tuesday. The company has a 50-day moving average of C$7.99 and a 200-day moving average of C$6.55. The company has a debt-to-equity ratio of 228.52, a current ratio of 1.17 and a quick ratio of 1.05. Fiera Capital has a 12 month low of C$4.32 and a 12 month high of C$8.75. The company has a market cap of C$636.68 million, a P/E ratio of 14.86, a P/E/G ratio of -0.87 and a beta of 1.66.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.07. Fiera Capital had a net margin of 8.51% and a return on equity of 19.66%. The firm had revenue of C$210.97 million during the quarter, compared to analyst estimates of C$203.10 million. As a group, equities analysts predict that Fiera Capital will post 0.9695122 earnings per share for the current year.

Fiera Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were given a $0.215 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.57%. Fiera Capital’s payout ratio is currently 172.00%.

Insider Activity

In related news, Senior Officer John Valentini sold 61,600 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of C$7.88, for a total transaction of C$485,432.64. Company insiders own 3.22% of the company’s stock.

About Fiera Capital

Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and income trusts for its clients.