Fiera Capital (TSE:FSZ) Stock Gets Price Target Reduction from National Bank Financial

Fiera Capital (TSE:FSZ) had its price target trimmed by National Bank Financial from C$5.00 to C$3.25 in a report issued on Wednesday,BayStreet reports. The firm currently has a sector perform rating on the stock.

FSZ has been the subject of several other reports. Royal Bank Of Canada downgraded Fiera Capital from a “hold” rating to a “sector perform” rating and decreased their target price for the stock from C$4.70 to C$3.25 in a research report on Friday, October 16th. Desjardins decreased their target price on Fiera Capital from C$4.00 to C$3.00 and set a “hold” rating for the company in a research report on Tuesday, October 20th. RBC Dominion Securities decreased their price objective on Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating for the company in a report on Thursday, October 15th. TD cut their target price 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. Finally, Scotia lowered their price target on shares of Fiera Capital from C$5.75 to C$4.25 and set a “sector perform” rating for the company in a research report on Monday, October 26th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$2.82.

Fiera Capital Stock Up 0.4%

Shares of TSE:FSZ opened at C$2.82 on Wednesday. The firm has a market capitalization of C$298.73 million, a PE ratio of 15.67, a price-to-earnings-growth ratio of -0.87 and a beta of 1.03. The business has a 50 day simple moving average of C$3.96 and a two-hundred day simple moving average of C$5.07. Fiera Capital has a 1 year low of C$2.77 and a 1 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.

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. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. The firm had revenue of C$155.14 million for the quarter. On average, equities analysts predict that Fiera Capital will post 1.09 EPS for the current 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.