Fiera Capital (TSE:FSZ) Price Target Lowered to C$6.50 at TD Securities

Fiera Capital (TSE:FSZ) had its target price cut by equities research analysts at TD Securities from C$7.00 to C$6.50 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 13.04% from the stock’s current price.

Several other research analysts have also issued reports on FSZ. National Bankshares dropped their target price on Fiera Capital from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research report on Wednesday. Desjardins cut their price objective on Fiera Capital from C$6.75 to C$6.50 and set a “hold” rating on the stock in a research report on Tuesday.

Fiera Capital Trading Down 2.4%

TSE:FSZ traded down C$0.14 during midday trading on Thursday, hitting C$5.75. 537,018 shares of the company traded hands, compared to its average volume of 331,955. The firm has a market capitalization of C$613.08 million, a P/E ratio of 21.30, a P/E/G ratio of -0.87 and a beta of 1.25. The firm’s fifty day moving average is C$6.08 and its 200-day moving average is C$6.35. Fiera Capital has a 12-month low of C$5.50 and a 12-month high of C$7.57. The company has a current ratio of 1.31, a quick ratio of 1.05 and a debt-to-equity ratio of 261.73.

Fiera Capital (TSE:FSZ) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.23 earnings per share for the quarter. Fiera Capital had a net margin of 9.25% and a return on equity of 21.21%. The business had revenue of C$167.09 million for the quarter. On average, sell-side analysts predict that Fiera Capital will post 1.0905563 EPS for the current 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.