Fiera Capital (TSE:FSZ) Stock Gets Price Target Reduction from Desjardins

Fiera Capital (TSE:FSZ) had its price target cut by Desjardins from C$4.00 to C$3.00 in a research report report published on Tuesday,BayStreet reports. They currently have a hold rating on the stock.

Several other research analysts have also recently issued reports on the company. Royal Bank Of Canada cut Fiera Capital from a “hold” rating to a “sector perform” rating and cut their target price for the company from C$4.70 to C$3.25 in a research report on Friday, October 16th. National Bank Financial decreased their price target on Fiera Capital from C$5.50 to C$5.00 and set a “sector perform” rating for the company in a report on Monday, August 10th. RBC Dominion Securities lowered their price target on Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. Finally, TD dropped their price objective 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, August 10th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$3.02.

Fiera Capital Price Performance

Shares of TSE FSZ opened at C$3.02 on Tuesday. The stock has a market cap of C$319.91 million, a price-to-earnings ratio of 16.78, a PEG ratio of -0.87 and a beta of 1.03. The company has a debt-to-equity ratio of 350.73, a quick ratio of 1.05 and a current ratio of 1.55. Fiera Capital has a fifty-two week low of C$2.99 and a fifty-two week high of C$6.74. The firm’s 50-day simple moving average is C$4.15 and its 200 day simple moving average is C$4.91.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings data on Friday, August 7th. The company reported C$0.21 EPS for the quarter. The firm had revenue of C$155.14 million during the quarter. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. As a group, research analysts anticipate that Fiera Capital will post 1.09 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.