Fiera Capital (TSE:FSZ) Stock Gets Price Target Reduction from Scotia

Fiera Capital (TSE:FSZ) had its target price trimmed by Scotia from C$5.75 to C$4.25 in a research report report published on Monday morning,BayStreet reports. The firm currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada cut shares of Fiera Capital from a “hold” rating to a “sector perform” rating and dropped their price objective for the stock from C$4.70 to C$3.25 in a research note on Friday, October 16th. National Bank Financial decreased 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 research note on Monday, August 10th. TD lowered 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 report on Monday, August 10th. RBC Dominion Securities lowered 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, October 15th. Finally, Desjardins dropped their price target on shares of Fiera Capital from C$4.00 to C$3.00 and set a “hold” rating on the stock in a research report on Tuesday, October 20th. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$2.84.

Fiera Capital Price Performance

Fiera Capital stock opened at C$2.84 on Monday. The firm has a market cap of C$300.84 million, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of -0.87 and a beta of 1.03. Fiera Capital has a 52 week low of C$2.80 and a 52 week high of C$6.74. The business’s 50-day moving average price is C$4.02 and its 200 day moving average price is C$5.10. The company has a quick ratio of 1.05, a current ratio of 1.55 and a debt-to-equity ratio of 350.73.

Fiera Capital (TSE:FSZ) last announced its quarterly 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 company had revenue of C$155.14 million during the quarter. As a group, sell-side analysts anticipate that Fiera Capital will post 1.09 earnings per share 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.