Fiera Capital (TSE:FSZ) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Fiera Capital Co. (TSE:FSZ) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.18 and traded as low as C$4.20. Fiera Capital shares last traded at C$4.27, with a volume of 553,290 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FSZ shares. National Bank Financial cut their target price on shares of Fiera Capital from C$5.50 to C$5.00 and set a “sector perform” rating on the stock in a research note on Monday, August 10th. Royal Bank Of Canada lowered their price objective on Fiera Capital from C$6.00 to C$5.00 and set a “moderate buy” rating for the company in a 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 on the stock in a research note on Monday, August 10th. Finally, TD reduced their target price on Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating on the stock in a report on Monday, August 10th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$4.28.

Fiera Capital Stock Up 0.7%

The company has a quick ratio of 1.05, a current ratio of 1.55 and a debt-to-equity ratio of 350.73. The firm’s 50-day moving average price is C$4.68 and its 200 day moving average price is C$5.17. The firm has a market cap of C$453.96 million, a P/E ratio of 23.78, a price-to-earnings-growth ratio of -0.87 and a beta of 0.98.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Friday, August 7th. The company reported C$0.03 EPS for the quarter. The company had revenue of C$155.14 million for the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. As a group, research analysts expect that Fiera Capital Co. will post 1.0905563 earnings per share 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.