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

Shares of Fiera Capital Co. (TSE:FSZ) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$5.10 and last traded at C$5.11, with a volume of 150820 shares. The stock had previously closed at C$5.15.

Wall Street Analyst Weigh In

A number of research firms recently commented on FSZ. TD Securities reduced their price objective on Fiera Capital from C$6.50 to C$6.00 and set a “hold” rating for the company in a research report on Friday, February 27th. National Bank Financial dropped their target price on Fiera Capital from C$7.00 to C$6.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 12th. Royal Bank Of Canada set a C$6.00 price target on Fiera Capital and gave the company a “sector perform” rating in a research note on Tuesday, April 28th. Finally, Desjardins reduced their price target on shares of Fiera Capital from C$6.50 to C$6.25 and set a “hold” rating for the company in a research report on Monday, April 27th. One research analyst has rated the stock with a Moderate Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$5.10.

Fiera Capital Trading Down 1.0%

The stock has a 50 day moving average of C$5.47 and a 200-day moving average of C$5.69. The company has a market capitalization of C$540.93 million, a P/E ratio of 26.84, a P/E/G ratio of -0.87 and a beta of 1.05. The company has a current ratio of 21.93, a quick ratio of 1.05 and a debt-to-equity ratio of 344.23.

Fiera Capital (TSE:FSZ) last released its earnings results on Friday, May 8th. The company reported C$0.21 EPS for the quarter. Fiera Capital had a net margin of 5.98% and a return on equity of 7.80%. The company had revenue of C$153.31 million for the quarter. On average, research analysts predict that Fiera Capital Co. will post 1.0905563 EPS for the current 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.