Fiera Capital (TSE:FSZ) Price Target Raised to C$9.00

Fiera Capital (TSE:FSZ) had its price target upped by stock analysts at BMO Capital Markets from C$8.50 to C$9.00 in a report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential downside of 7.22% from the company’s current price.

A number of other equities analysts have also weighed in on FSZ. National Bank Financial lowered shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a report on Sunday, July 28th. National Bankshares downgraded shares of Fiera Capital from a “sector perform” rating to an “underperform” rating and lifted their target price for the stock from C$7.00 to C$8.00 in a research report on Monday, July 29th. CIBC cut their target price on shares of Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. TD Securities cut their target price on shares of Fiera Capital from C$8.00 to C$7.50 in a research report on Thursday, August 8th. Finally, Scotiabank lifted their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, Fiera Capital currently has a consensus rating of “Hold” and an average price target of C$8.21.

Fiera Capital Stock Down 0.8 %

TSE FSZ traded down C$0.08 during mid-day trading on Tuesday, reaching C$9.70. The stock had a trading volume of 272,870 shares, compared to its average volume of 279,633. Fiera Capital has a 1 year low of C$4.56 and a 1 year high of C$9.87. The stock has a market cap of C$851.18 million, a PE ratio of 17.91, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company has a fifty day moving average price of C$8.14 and a 200 day moving average price of C$7.71. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.04. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The company had revenue of C$164.79 million during the quarter, compared to analyst estimates of C$160.80 million. On average, research analysts expect that Fiera Capital will post 1.0905563 earnings per share for the current year.

Insiders Place Their Bets

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total transaction of C$73,049.00. Also, Senior Officer John Valentini sold 122,500 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total transaction of C$913,347.75. Insiders have sold a total of 207,400 shares of company stock worth $1,601,622 in the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

Fiera Capital Company Profile

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.