Fiera Capital (TSE:FSZ) Sets New 1-Year Low Following Analyst Downgrade

Fiera Capital Co. (TSE:FSZ) hit a new 52-week low during mid-day trading on Monday after Royal Bank Of Canada downgraded the stock from a hold rating to a sector perform rating. Royal Bank Of Canada now has a C$3.25 price target on the stock, down from their previous price target of C$4.70. Fiera Capital traded as low as C$2.99 and last traded at C$3.20, with a volume of 1,020,795 shares. The stock had previously closed at C$3.32.

Other research analysts also recently issued reports about the company. TD lowered their price objective on Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a research note on Monday, August 10th. RBC Dominion Securities dropped their target price on Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating on the stock in a research report on Thursday. Desjardins cut their target price on 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. Finally, National Bank Financial cut their target price on Fiera Capital from C$5.50 to C$5.00 and set a “sector perform” rating on the stock in a research note on Monday, August 10th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$3.18.

Fiera Capital Stock Down 4.2%

The stock’s 50-day moving average is C$4.27 and its 200-day moving average is C$4.97. The stock has a market cap of C$336.86 million, a P/E ratio of 17.67, a price-to-earnings-growth ratio of -0.87 and a beta of 1.03. The company has a current ratio of 1.55, a quick ratio of 1.05 and a debt-to-equity ratio of 350.73.

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