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

Fiera Capital (TSE:FSZ) had its price target dropped by stock 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 suggests a potential upside of 13.21% from the company’s current price.

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

Fiera Capital Price Performance

Shares of TSE:FSZ traded up C$0.11 during trading on Thursday, reaching C$7.95. The company had a trading volume of 52,131 shares, compared to its average volume of 176,962. The firm’s fifty day moving average is C$9.00 and its 200 day moving average is C$8.64. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. The firm has a market capitalization of C$697.61 million, a PE ratio of 14.72, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. Fiera Capital has a twelve month low of C$6.58 and a twelve month high of C$10.92.

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

Insiders Place Their Bets

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. Insiders own 0.86% of the company’s stock.

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.