Fiera Capital (TSE:FSZ) Stock Falls 15.6% – Here’s Why

Fiera Capital Co. (TSE:FSZ)’s share price was down 15.6% during mid-day trading on Thursday. The company traded as low as C$3.17 and last traded at C$3.25. 1,300,869 shares were traded during mid-day trading, an increase of 286% from the average daily volume of 336,869 shares. The stock had previously closed at C$3.85.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Desjardins decreased their price target on shares of Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating on the stock in a research note on Monday, August 10th. TD lowered their price target on shares of Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating on the stock in a research report on Monday, August 10th. National Bank Financial dropped their price objective on shares of Fiera Capital from C$5.50 to C$5.00 and set a “sector perform” rating for the company in a research note on Monday, August 10th. Finally, Royal Bank Of Canada cut their price objective on shares of Fiera Capital from C$6.00 to C$5.00 and set a “moderate buy” rating for the company in a report on Monday, August 10th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$3.24.

Fiera Capital Trading Down 15.8%

The firm’s fifty day simple moving average is C$4.34 and its 200 day simple moving average is C$5.00. The stock has a market capitalization of C$343.22 million, a P/E ratio of 18.00, a price-to-earnings-growth ratio of -0.87 and a beta of 1.03. The company has a debt-to-equity ratio of 350.73, a quick ratio of 1.05 and a current ratio of 1.55.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings results on Friday, August 7th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$155.14 million during the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. As a group, equities research analysts forecast that Fiera Capital Co. will post 1.09 EPS for the current fiscal year.

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. It invests in the public equity and fixed income markets across the globe with a focus on Canada. The firm primarily invests in growth and value stocks of small-cap companies.