Fiera Capital (TSE:FSZ) Reaches New 1-Year Low – Here’s Why

Fiera Capital Co. (TSE:FSZ) shares reached a new 52-week low on Monday. The company traded as low as C$2.77 and last traded at C$2.83, with a volume of 243,092 shares traded. The stock had previously closed at C$2.82.

Analyst Ratings Changes

FSZ has been the topic of several analyst reports. National Bank Financial reduced their target price on Fiera Capital from C$5.00 to C$3.25 and set a “sector perform” rating on the stock in a report on Wednesday, October 28th. TD decreased their target price 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. Desjardins reduced their price objective on shares of 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. Royal Bank Of Canada cut shares of Fiera Capital from a “hold” rating to a “sector perform” rating and cut their price objective for the stock from C$4.70 to C$3.25 in a research report on Friday, October 16th. Finally, RBC Dominion Securities reduced 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 research note on Thursday, October 15th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Fiera Capital presently has an average rating of “Hold” and an average price target of C$2.78.

Fiera Capital Stock Performance

The company has a debt-to-equity ratio of 350.73, a quick ratio of 1.05 and a current ratio of 1.55. The company’s 50 day moving average price is C$3.90 and its 200-day moving average price is C$5.04. The company has a market cap of C$294.49 million, a PE ratio of 15.44, a price-to-earnings-growth ratio of -0.87 and a beta of 1.03.

Fiera Capital (TSE:FSZ) last posted its earnings results on Friday, August 7th. The company reported C$0.21 earnings per share 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 during the quarter. Equities research analysts anticipate that Fiera Capital Co. 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.