Fiera Capital (TSE:FSZ) Reaches New 12-Month Low – Here’s Why

Shares of Fiera Capital Co. (TSE:FSZ) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$5.64 and last traded at C$5.79, with a volume of 507655 shares. The stock had previously closed at C$6.02.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FSZ shares. National Bank Financial raised shares of Fiera Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Desjardins reduced their price objective on Fiera Capital from C$9.00 to C$7.25 and set a “hold” rating for the company in a research report on Thursday, February 27th. CIBC lowered their price objective on Fiera Capital from C$9.00 to C$6.75 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. BMO Capital Markets cut their target price on Fiera Capital from C$10.00 to C$9.00 in a research note on Thursday, January 30th. Finally, National Bankshares upgraded shares of Fiera Capital from an “underperform” rating to a “sector perform” rating and decreased their price target for the stock from C$8.50 to C$7.00 in a research note on Thursday, February 27th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$7.54.

Fiera Capital Price Performance

The company has a 50-day moving average of C$6.86 and a 200 day moving average of C$8.27. The firm has a market cap of C$5.51 million, a P/E ratio of 9.72, a P/E/G ratio of -0.87 and a beta of 0.91. The company has a debt-to-equity ratio of 261.73, a quick ratio of 1.05 and a current ratio of 1.31.

Insider Transactions at Fiera Capital

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. Company 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.