Fiera Capital (TSE:FSZ) Trading Down 10.1% – Should You Sell?

Fiera Capital Co. (TSE:FSZ) fell 10.1% during mid-day trading on Wednesday . The stock traded as low as C$6.35 and last traded at C$6.60. 297,661 shares were traded during trading, an increase of 32% from the average session volume of 224,793 shares. The stock had previously closed at C$7.34.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FSZ shares. BMO Capital Markets lowered their price target on Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. TD Securities increased their price objective on 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. CIBC lowered their price objective on shares of Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Scotiabank cut their target price on shares of Fiera Capital from C$10.50 to C$10.00 in a research note on Thursday, January 30th. Finally, National Bankshares raised their price target 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. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Fiera Capital has a consensus rating of “Hold” and an average target price of C$8.93.

Fiera Capital Stock Performance

The company has a quick ratio of 1.05, a current ratio of 1.31 and a debt-to-equity ratio of 261.73. The firm has a 50-day moving average of C$8.20 and a 200 day moving average of C$8.53. The stock has a market capitalization of C$717.00 million, a P/E ratio of 11.12, a PEG ratio of -0.87 and a beta of 1.64.

Insider Transactions at Fiera Capital

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was 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.