Fiera Capital (TSE:FSZ) Sets New 52-Week High Following Analyst Upgrade

Fiera Capital Co. (TSE:FSZ) shares reached a new 52-week high on Wednesday after National Bankshares raised their price target on the stock from C$8.00 to C$8.50. National Bankshares currently has an underperform rating on the stock. Fiera Capital traded as high as C$9.90 and last traded at C$9.90, with a volume of 68324 shares. The stock had previously closed at C$9.76.

FSZ has been the subject of several other research reports. TD Securities lowered their target price on shares of Fiera Capital from C$8.00 to C$7.50 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. Desjardins upped 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 research note on Thursday, October 24th. Scotiabank upped their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Wednesday, July 24th. Finally, BMO Capital Markets upped their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, Fiera Capital has an average rating of “Hold” and a consensus price target of C$8.29.

Insider Buying and Selling

In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total transaction of C$73,049.00. In related news, Senior Officer John Valentini sold 122,500 shares of the stock in a transaction 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. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction 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. Over the last 90 days, insiders sold 207,400 shares of company stock worth $1,601,622. 0.86% of the stock is owned by insiders.

Fiera Capital Trading Up 0.6 %

The stock has a market cap of C$861.71 million, a price-to-earnings ratio of 18.19, a PEG ratio of -0.87 and a beta of 1.64. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. The business’s 50 day simple moving average is C$8.21 and its 200 day simple moving average is C$7.74.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.23 EPS for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.04. The firm had revenue of C$164.79 million during the quarter, compared to analysts’ expectations of C$160.80 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. On average, research analysts expect that Fiera Capital Co. will post 1.0905563 EPS for the current fiscal year.

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.