Fiera Capital (TSE:FSZ) Sets New 1-Year Low on Analyst Downgrade

Fiera Capital Co. (TSE:FSZ)’s share price hit a new 52-week low on Monday after Royal Bank Of Canada lowered their price target on the stock from C$6.00 to C$5.00. Royal Bank Of Canada currently has a moderate buy rating on the stock. Fiera Capital traded as low as C$4.43 and last traded at C$4.46, with a volume of 587125 shares traded. The stock had previously closed at C$4.75.

FSZ has been the subject of several other reports. TD cut their price objective on Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a research note on Monday. National Bank Financial decreased their target price on Fiera Capital from C$5.50 to C$5.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Desjardins lowered their price target on Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a Moderate Buy rating, According to MarketBeat.com, Fiera Capital currently has a consensus rating of “Moderate Buy” and an average target price of C$4.70.

Fiera Capital Stock Performance

The company has a current ratio of 21.93, a quick ratio of 1.05 and a debt-to-equity ratio of 344.23. The firm has a fifty day moving average price of C$5.16 and a 200 day moving average price of C$5.46. The firm has a market cap of C$497.88 million, a PE ratio of 26.11, a price-to-earnings-growth ratio of -0.87 and a beta of 1.04.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings data on Friday, August 7th. The company reported C$0.03 earnings per share (EPS) for the quarter. Fiera Capital had a net margin of 5.98% and a return on equity of 7.80%. The firm had revenue of C$155.14 million during the quarter. As a group, equities research analysts expect that Fiera Capital Co. will post 1.0905563 earnings per share 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. It invests in the public equity and fixed income markets across the globe with a focus on Canada. The firm primarily invests in growth and value stocks of small-cap companies.