Fiera Capital (TSE:FSZ) Stock Falls 13.7% – Here’s What Happened

Fiera Capital Co. (TSE:FSZ) shares dropped 13.7% on Thursday. The stock traded as low as C$2.30 and last traded at C$2.46. Approximately 1,558,760 shares traded hands during mid-day trading, an increase of 330% from the average session volume of 362,645 shares. The stock had previously closed at C$2.85.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FSZ. 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. Royal Bank Of Canada lowered shares of Fiera Capital from a “hold” rating to a “sector perform” rating and cut their target price for the stock from C$4.70 to C$3.25 in a research report on Friday, October 16th. Scotia reduced their target price 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 note on Monday, October 26th. National Bank Financial lowered their price target on shares of Fiera Capital from C$5.00 to C$3.25 and set a “sector perform” rating on the stock in a research report on Wednesday, October 28th. Finally, TD dropped their price target on shares of 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. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$2.40.

Fiera Capital Stock Performance

The company’s fifty day simple moving average is C$3.69 and its 200 day simple moving average is C$4.94. The company has a current ratio of 1.55, a quick ratio of 1.05 and a debt-to-equity ratio of 350.73. The stock has a market capitalization of C$254.23 million, a P/E ratio of 13.33, a P/E/G ratio of -0.87 and a beta of 0.70.

Fiera Capital (TSE:FSZ) last released its quarterly earnings results on Wednesday, November 11th. The company reported C$0.19 EPS for the quarter. The firm had revenue of C$150.36 million during the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. As a group, sell-side analysts forecast 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.