Fiera Capital (TSE:FSZ) Price Target Lowered to C$9.00 at BMO Capital Markets

Fiera Capital (TSE:FSZ) had its target price dropped by analysts at BMO Capital Markets from C$10.00 to C$9.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 13.21% from the company’s current price.

FSZ has been the topic of a number of other research reports. Scotiabank decreased their price target on shares of Fiera Capital from C$10.50 to C$10.00 in a report on Thursday. CIBC boosted their price target on Fiera Capital from C$9.50 to C$11.00 in a research report on Friday, November 8th. Desjardins lifted their price objective on Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. National Bankshares increased their target price on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Finally, TD Securities lifted their price target on shares of Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$8.93.

Fiera Capital Price Performance

FSZ traded up C$0.11 during trading on Thursday, reaching C$7.95. 52,131 shares of the stock were exchanged, compared to its average volume of 176,962. Fiera Capital has a 1 year low of C$6.58 and a 1 year high of C$10.92. The company has a market capitalization of C$697.61 million, a price-to-earnings ratio of 14.72, a P/E/G ratio of -0.87 and a beta of 1.64. The business’s 50 day moving average price is C$9.00 and its two-hundred day moving average price is C$8.64. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.19 by C$0.06. The company had revenue of C$171.71 million during the quarter, compared to the consensus estimate of C$163.10 million. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. As a group, equities research analysts anticipate that Fiera Capital will post 1.0905563 earnings per share for the current year.

Insider Buying and Selling at Fiera Capital

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$8.89, for a total value of C$93,028.60. 0.86% of the stock is owned by insiders.

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.