Fiera Capital (TSE:FSZ) Shares Break Below 200-Day Moving Average – What’s Next?

Fiera Capital Co. (TSE:FSZ)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$5.01 and traded as low as C$3.90. Fiera Capital shares last traded at C$3.93, with a volume of 344,439 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank Of Canada lowered their price target on Fiera Capital from C$6.00 to C$5.00 and set a “moderate buy” rating on the stock in a research report on Monday, August 10th. Desjardins 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 report on Monday, August 10th. 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 report on Monday, August 10th. National Bank Financial reduced their target price on Fiera Capital from C$5.50 to C$5.00 and set a “sector perform” rating for the company in a research note on Monday, August 10th. Finally, RBC Dominion Securities decreased their target price on Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$3.35.

Fiera Capital Trading Down 13.0%

The company has a 50 day moving average of C$4.30 and a 200 day moving average of C$4.98. The company has a debt-to-equity ratio of 350.73, a quick ratio of 1.05 and a current ratio of 1.55. The stock has a market capitalization of C$354.87 million, a price-to-earnings ratio of 18.61, a P/E/G ratio of -0.87 and a beta of 1.03.

Fiera Capital (TSE:FSZ) last announced its earnings results on Friday, August 7th. The company reported C$0.21 earnings per share (EPS) for the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. The company had revenue of C$155.14 million for the quarter. On average, research analysts predict that Fiera Capital Co. will post 1.09 EPS for the current fiscal year.

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. 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.