Fiera Capital (TSE:FSZ) Cut to “Sector Perform” at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Fiera Capital (TSE:FSZ) from a hold rating to a sector perform rating in a research note released on Friday morning, Marketbeat reports. The brokerage currently has C$3.25 target price on the stock, down from their prior target price of C$4.70.

A number of other research firms have also recently commented on FSZ. National Bank Financial dropped their target price on shares of 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. Desjardins reduced their price target on shares of 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. RBC Dominion Securities decreased their price target on shares of Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating on the stock in a report on Thursday. Finally, TD lowered their price objective on shares of 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. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$3.32.

Fiera Capital Stock Performance

Shares of TSE FSZ opened at C$3.32 on Friday. The company has a debt-to-equity ratio of 350.73, a current ratio of 1.55 and a quick ratio of 1.05. The stock’s fifty day moving average price is C$4.27 and its two-hundred day moving average price is C$4.97. Fiera Capital has a one year low of C$3.16 and a one year high of C$6.74. The firm has a market cap of C$351.69 million, a price-to-earnings ratio of 18.44, 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 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, equities analysts forecast that Fiera Capital will post 1.09 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.