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

Fiera Capital (TSE:FSZ) had its price target hoisted by BMO Capital Markets from C$8.50 to C$9.00 in a research note issued to investors on Tuesday, BayStreet.CA reports.

A number of other brokerages have also recently commented on FSZ. CIBC dropped their price objective on shares of Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. National Bank Financial downgraded shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 28th. Scotiabank lifted their target price on Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. Desjardins boosted their price objective on shares of Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Finally, National Bankshares downgraded Fiera Capital from a “sector perform” rating to an “underperform” rating and upped their price target for the stock from C$7.00 to C$8.00 in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$8.21.

Fiera Capital Price Performance

Shares of Fiera Capital stock opened at C$9.76 on Tuesday. The stock’s fifty day moving average is C$8.14 and its 200 day moving average is C$7.71. The stock has a market cap of C$856.44 million, a P/E ratio of 17.96, a P/E/G ratio of -0.87 and a beta of 1.64. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. Fiera Capital has a one year low of C$4.56 and a one year high of C$9.87.

Fiera Capital (TSE:FSZ) last issued its earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share for the quarter, topping the consensus estimate of C$0.19 by C$0.04. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The company had revenue of C$164.79 million during the quarter, compared to the consensus estimate of C$160.80 million. Sell-side analysts anticipate that Fiera Capital will post 1.0905563 earnings per share for the current year.

Insider Transactions at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total transaction of C$73,049.00. In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of Fiera Capital stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total transaction of C$73,049.00. Also, Senior Officer John Valentini sold 28,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$8.57, for a total transaction of C$240,046.80. Insiders have sold 207,400 shares of company stock worth $1,601,622 over the last quarter. 0.86% of the stock is currently owned by insiders.

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.