Fiera Capital (TSE:FSZ) Stock Price Down 15.6% on Analyst Downgrade

Fiera Capital Co. (TSE:FSZ)’s share price traded down 15.6% during mid-day trading on Thursday after RBC Dominion Securities lowered their price target on the stock from C$5.00 to C$4.70. RBC Dominion Securities currently has a sector perform rating on the stock. Fiera Capital traded as low as C$3.17 and last traded at C$3.25. Approximately 1,300,869 shares were traded during mid-day trading, an increase of 286% from the average daily volume of 336,869 shares. The stock had previously closed at C$3.85.

A number of other research analysts have also recently commented on FSZ. TD dropped their price target on Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a research note on Monday, August 10th. Desjardins cut their price target 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. Royal Bank Of Canada reduced 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 report on Monday, August 10th. Finally, National Bank Financial lowered their price objective 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. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$3.32.

Fiera Capital Stock Performance

The stock has a fifty day simple moving average of C$4.27 and a two-hundred day simple moving average of C$4.97. 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$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 issued its earnings results on Friday, August 7th. The company reported C$0.21 earnings per share for the quarter. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. The business had revenue of C$155.14 million during the quarter. Analysts forecast that Fiera Capital Co. will post 1.09 earnings per share for the current fiscal 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.