Fiera Capital (TSE:FSZ) Stock Price Target Cut by National Bank Financial

Fiera Capital (TSE:FSZ) had its target price reduced by National Bank Financial from C$5.00 to C$3.25 in a research note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial‘s price target would suggest a potential upside of 14.04% from the company’s previous close.

A number of other research firms also recently commented on FSZ. Scotia dropped their price target on shares of Fiera Capital from C$5.75 to C$4.25 and set a “sector perform” rating on the stock in a research report on Monday. RBC Dominion Securities decreased their price objective on shares of Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating for the company in a report on Thursday, October 15th. Royal Bank Of Canada lowered shares of Fiera Capital from a “hold” rating to a “sector perform” rating and lowered their price objective for the company from C$4.70 to C$3.25 in a research note on Friday, October 16th. Desjardins dropped their target price on Fiera Capital from C$4.00 to C$3.00 and set a “hold” rating on the stock in a report on Tuesday, October 20th. Finally, TD cut their target price on 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 research analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$2.85.

Fiera Capital Stock Performance

Shares of FSZ traded up C$0.01 during trading hours on Wednesday, reaching C$2.85. 238,708 shares of the company’s stock traded hands, compared to its average volume of 355,122. The firm has a market capitalization of C$301.90 million, a price-to-earnings ratio of 15.83, a P/E/G ratio of -0.87 and a beta of 1.03. The company has a debt-to-equity ratio of 350.73, a current ratio of 1.55 and a quick ratio of 1.05. Fiera Capital has a twelve month low of C$2.80 and a twelve month high of C$6.74. The business’s fifty day simple moving average is C$4.06 and its two-hundred day simple moving average is C$5.12.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings data on Friday, August 7th. The company reported C$0.21 earnings per share for the quarter. The business 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%. Analysts predict 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.