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

Fiera Capital (TSE:FSZ) had its price target cut by National Bank Financial from C$3.25 to C$2.75 in a report released on Thursday,BayStreet reports. They currently have a sector perform rating on the stock.

FSZ has been the topic of a number of other research reports. TD cut their price objective 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. Scotia lowered 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 report on Monday, October 26th. RBC Dominion Securities dropped their price target on shares of 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. Desjardins cut their price target on shares of Fiera Capital from C$4.00 to C$3.00 and set a “hold” rating on the stock in a report on Tuesday, October 20th. Finally, Royal Bank Of Canada lowered shares of Fiera Capital from a “hold” rating to a “sector perform” rating and reduced their price objective for the stock from C$4.70 to C$3.25 in a research report on Friday, October 16th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$2.37.

Fiera Capital Trading Up 6.3%

FSZ stock traded up C$0.14 during midday trading on Thursday, reaching C$2.37. 682,093 shares of the company traded hands, compared to its average volume of 368,871. The firm has a market capitalization of C$251.06 million, a price-to-earnings ratio of 13.17, a P/E/G ratio of -0.87 and a beta of 0.70. Fiera Capital has a 52-week low of C$2.16 and a 52-week high of C$6.42. The business has a 50 day moving average of C$3.61 and a 200-day moving average of C$4.90. The company has a debt-to-equity ratio of 333.24, a quick ratio of 1.05 and a current ratio of 1.23.

Fiera Capital (TSE:FSZ) last announced its earnings results on Wednesday, November 11th. The company reported C$0.19 EPS for the quarter. Fiera Capital had a return on equity of 8.57% and a net margin of 6.19%. 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 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.