Fiera Capital (TSE:FSZ) Stock Price Target Lowered at Scotia

Fiera Capital (TSE:FSZ) had its target price reduced by investment analysts at Scotia from C$5.75 to C$4.25 in a research note issued on Monday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. Scotia‘s price objective suggests a potential upside of 46.05% from the company’s current price.

Other research analysts have also issued research reports about the company. Desjardins reduced their target price on Fiera Capital from C$4.00 to C$3.00 and set a “hold” rating for the company in a report on Tuesday, October 20th. TD cut their price objective on shares of Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a research report on Monday, August 10th. Royal Bank Of Canada cut shares of Fiera Capital from a “hold” rating to a “sector perform” rating and reduced their price objective for the company from C$4.70 to C$3.25 in a research note on Friday, October 16th. RBC Dominion Securities reduced their price objective on shares of Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating for the company in a research note on Thursday, October 15th. Finally, National Bank Financial decreased their target price on shares of Fiera Capital from C$5.50 to C$5.00 and set a “sector perform” rating on the stock in a report on Monday, August 10th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Fiera Capital currently has a consensus rating of “Hold” and an average target price of C$2.91.

Fiera Capital Stock Performance

Shares of Fiera Capital stock traded down C$0.06 during trading hours on Monday, reaching C$2.91. The company had a trading volume of 789,632 shares, compared to its average volume of 354,968. The firm has a market cap of C$308.26 million, a PE ratio of 16.17, a price-to-earnings-growth ratio of -0.87 and a beta of 1.03. Fiera Capital has a one year low of C$2.83 and a one year high of C$6.74. The company has a debt-to-equity ratio of 350.73, a current ratio of 1.55 and a quick ratio of 1.05. The business has a fifty day simple moving average of C$4.12 and a 200 day simple moving average of C$4.89.

Fiera Capital (TSE:FSZ) last released its quarterly earnings data on Friday, August 7th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$155.14 million for the quarter. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. On average, analysts anticipate that Fiera Capital will post 1.09 earnings per share 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.