Fiera Capital (TSE:FSZ) Price Target Raised to C$10.00

Fiera Capital (TSE:FSZ) had its price objective increased by TD Securities from C$9.00 to C$10.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential downside of 0.50% from the company’s previous close.

A number of other equities research analysts have also commented on FSZ. BMO Capital Markets upped their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. National Bankshares lifted their price objective on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. National Bank Financial downgraded Fiera Capital from a “hold” rating to a “strong sell” rating in a report on Sunday, July 28th. Desjardins boosted their target price on Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Finally, Scotiabank boosted their target price on 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, the stock currently has an average rating of “Hold” and a consensus price target of C$9.07.

Fiera Capital Stock Down 7.8 %

Shares of Fiera Capital stock traded down C$0.85 during trading on Friday, hitting C$10.05. 642,170 shares of the stock traded hands, compared to its average volume of 289,088. Fiera Capital has a twelve month low of C$4.77 and a twelve month high of C$10.92. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. The stock has a market cap of C$881.89 million, a P/E ratio of 18.74, a PEG ratio of -0.87 and a beta of 1.64. The company has a fifty day moving average price of C$8.50 and a two-hundred day moving average price of C$7.83.

Fiera Capital (TSE:FSZ) last posted its earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.19 by C$0.06. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. The company had revenue of C$171.71 million during the quarter, compared to analyst estimates of C$163.10 million. Equities research analysts predict that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total transaction of C$73,049.00. In other news, Senior Officer John Valentini sold 122,500 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total value of C$913,347.75. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. Over the last three months, insiders have sold 207,400 shares of company stock valued at $1,601,622. Company insiders own 0.86% of the company’s stock.

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.