Fiera Capital (TSE:FSZ) Hits New 52-Week Low After Analyst Downgrade

Fiera Capital Co. (TSE:FSZ) shares hit a new 52-week low during mid-day trading on Thursday after Desjardins lowered their price target on the stock from C$9.00 to C$7.25. Desjardins currently has a hold rating on the stock. Fiera Capital traded as low as C$6.35 and last traded at C$6.52, with a volume of 1581806 shares. The stock had previously closed at C$7.34.

Several other research analysts have also commented on FSZ. TD Securities reduced their price target on Fiera Capital from C$8.50 to C$6.50 and set a “hold” rating on the stock in a report on Thursday. BMO Capital Markets reduced their price target on Fiera Capital from C$10.00 to C$9.00 in a report on Thursday, January 30th. National Bankshares upgraded Fiera Capital from an “underperform” rating to a “sector perform” rating and reduced their price target for the stock from C$8.50 to C$7.00 in a report on Thursday. CIBC reduced their price objective on shares of Fiera Capital from C$9.00 to C$6.75 and set a “neutral” rating on the stock in a report on Thursday. Finally, Scotiabank reduced their price objective on shares of Fiera Capital from C$10.00 to C$8.75 and set a “sector perform” rating on the stock in a report on Thursday. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Fiera Capital presently has an average rating of “Hold” and a consensus target price of C$7.54.

Insiders Place Their Bets

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were 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.

Fiera Capital Price Performance

The company has a market capitalization of C$699.70 million, a PE ratio of 10.85, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company has a debt-to-equity ratio of 261.73, a current ratio of 1.31 and a quick ratio of 1.05. The stock’s 50 day simple moving average is C$8.06 and its 200-day simple moving average is C$8.50.

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.