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

Fiera Capital (TSE:FSZ) had its target price hoisted by Desjardins from C$7.75 to C$9.00 in a research note released on Thursday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock. Desjardins also issued estimates for Fiera Capital’s Q4 2024 earnings at $0.33 EPS and FY2026 earnings at $1.17 EPS.

Other equities research analysts have also issued research reports about the company. National Bank Financial lowered Fiera Capital from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 28th. TD Securities dropped their price target on Fiera Capital from C$8.00 to C$7.50 in a research report on Thursday, August 8th. National Bankshares downgraded Fiera Capital from a “sector perform” rating to an “underperform” rating and lifted their price target for the stock from C$7.00 to C$8.00 in a research note on Monday, July 29th. Scotiabank raised their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. Finally, CIBC cut their target price on shares of Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$8.14.

Fiera Capital Price Performance

Shares of FSZ opened at C$9.33 on Thursday. The stock’s 50 day moving average is C$8.10 and its two-hundred day moving average is C$7.70. Fiera Capital has a twelve month low of C$4.35 and a twelve month high of C$9.35. The firm has a market capitalization of C$818.71 million, a PE ratio of 17.28, a P/E/G ratio of -0.87 and a beta of 1.64. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56.

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

Insider Activity

In related news, Senior Officer John Valentini sold 122,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total transaction of C$913,347.75. In related news, Senior Officer John Valentini sold 122,500 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total transaction of C$913,347.75. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total value of C$73,049.00. Insiders sold a total of 207,400 shares of company stock valued at $1,601,622 over the last 90 days. 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.