Fiera Capital (TSE:FSZ) Trading Down 10.5% – Here’s Why

Fiera Capital Co. (TSE:FSZ)’s stock price traded down 10.5% during trading on Wednesday . The stock traded as low as C$6.35 and last traded at C$6.57. 619,328 shares were traded during mid-day trading, an increase of 168% from the average session volume of 231,205 shares. The stock had previously closed at C$7.34.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FSZ shares. National Bankshares increased their price objective on shares of Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a report on Wednesday, October 30th. CIBC dropped their price objective on 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. TD Securities lifted their price objective 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. BMO Capital Markets cut their price target on Fiera Capital from C$10.00 to C$9.00 in a research note on Thursday, January 30th. Finally, Scotiabank cut their target price on Fiera Capital from C$10.50 to C$10.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the stock currently 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 stock has a market cap of C$697.54 million, a PE ratio of 10.81, a P/E/G ratio of -0.87 and a beta of 1.64. The stock has a 50-day moving average of C$8.20 and a 200 day moving average of C$8.53.

Insider Transactions at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$8.89, for a total value of C$93,028.60. Insiders own 0.86% of the company’s stock.

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.