Fiera Capital (TSE:FSZ) PT Lowered to C$11.50

Fiera Capital (TSE:FSZ) had its price target decreased by TD Securities from C$12.50 to C$11.50 in a research report released on Thursday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other research firms have also issued reports on FSZ. CIBC increased their price objective on Fiera Capital from C$14.50 to C$15.00 in a report on Monday, April 29th. BMO Capital Markets dropped their price objective on Fiera Capital from C$12.50 to C$12.00 in a report on Friday, July 5th. National Bank Financial dropped their price objective on Fiera Capital from C$14.50 to C$13.00 and set an outperform rating on the stock in a report on Thursday. Royal Bank of Canada dropped their price objective on Fiera Capital from C$14.00 to C$13.00 and set a sector perform rating on the stock in a report on Thursday. Finally, Desjardins restated a buy rating on shares of Fiera Capital in a report on Thursday, July 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Fiera Capital currently has an average rating of Hold and a consensus target price of C$13.08.

FSZ stock opened at C$10.17 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.08 and a debt-to-equity ratio of 106.94. Fiera Capital has a one year low of C$10.08 and a one year high of C$13.35. The firm has a market capitalization of $1.01 billion and a PE ratio of -81.36. The firm has a 50-day moving average of C$11.07 and a two-hundred day moving average of C$11.82.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.84 annualized dividend and a yield of 8.26%. Fiera Capital’s dividend payout ratio (DPR) is presently -640.00%.

In other news, Director Jean-Guy Desjardins sold 9,565 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$11.30, for a total value of C$108,086.41. Following the sale, the director now owns 8,377 shares in the company, valued at C$94,661.78.

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.

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Analyst Recommendations for Fiera Capital (TSE:FSZ)

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