Fiera Capital (TSE:FSZ) Given New C$9.00 Price Target at BMO Capital Markets

Fiera Capital (TSE:FSZ) had its target price lowered by investment analysts at BMO Capital Markets from C$10.00 to C$9.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 14.65% from the company’s previous close.

Several other equities research analysts have also recently issued reports on FSZ. CIBC boosted their price target on Fiera Capital from C$9.50 to C$11.00 in a research note on Friday, November 8th. TD Securities increased their target price on Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Scotiabank dropped their price target on Fiera Capital from C$10.50 to C$10.00 in a research note on Thursday. National Bankshares upped their price objective 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, Desjardins raised their target price on shares of Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$8.93.

Fiera Capital Stock Down 1.5 %

FSZ opened at C$7.85 on Thursday. Fiera Capital has a fifty-two week low of C$6.58 and a fifty-two week high of C$10.92. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. The company has a market capitalization of C$688.84 million, a P/E ratio of 14.54, a P/E/G ratio of -0.87 and a beta of 1.64. The stock has a fifty day moving average of C$8.97 and a 200-day moving average of C$8.64.

Fiera Capital (TSE:FSZ) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The business had revenue of C$171.71 million for the quarter, compared to analyst estimates of C$163.10 million. On average, equities analysts expect that Fiera Capital will post 1.0905563 EPS for the current year.

Insider Activity at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the 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. 0.86% of the stock is currently 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.