Fiera Capital (TSE:FSZ) Given New C$2.50 Price Target at Royal Bank Of Canada

Fiera Capital (TSE:FSZ) had its price target reduced by Royal Bank Of Canada from C$3.25 to C$2.50 in a report published on Friday morning,BayStreet reports. They currently have an underperform rating on the stock.

A number of other analysts also recently commented on FSZ. National Bank Financial reduced their price objective on Fiera Capital from C$3.25 to C$2.75 and set a “sector perform” rating for the company in a research report on Thursday. Desjardins lowered their price objective on Fiera Capital from C$4.00 to C$3.00 and set a “hold” rating on the stock in a research note on Tuesday, October 20th. RBC Dominion Securities lowered their price objective on Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. TD dropped their target price on Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a report on Monday, August 10th. Finally, Scotia cut their target price on 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 research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$2.37.

Fiera Capital Trading Up 6.3%

Shares of Fiera Capital stock opened at C$2.37 on Friday. The company’s fifty day simple moving average is C$3.61 and its 200-day simple moving average is C$4.90. The company has a market cap of C$251.06 million, a price-to-earnings ratio of 13.17, a PEG ratio of -0.87 and a beta of 0.70. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 333.24. Fiera Capital has a 1 year low of C$2.16 and a 1 year high of C$6.42.

Fiera Capital (TSE:FSZ) last released its earnings results on Wednesday, November 11th. The company reported C$0.19 EPS for the quarter. Fiera Capital had a net margin of 6.19% and a return on equity of 8.57%. The firm had revenue of C$150.36 million during the quarter. As a group, sell-side analysts expect that Fiera Capital will post 1.09 EPS for the current year.

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. 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.