Fiera Capital (TSE:FSZ) Given New C$2.50 Price Target at Royal Bank Of Canada

Fiera Capital (TSE:FSZ) had its price objective reduced by research analysts at Royal Bank Of Canada from C$3.25 to C$2.50 in a report released on Friday, BayStreet reports. The brokerage currently has an “underperform” rating on the stock. Royal Bank Of Canada‘s target price suggests a potential upside of 6.38% from the company’s previous close.

A number of other brokerages have also commented on FSZ. Scotia lowered their price target on Fiera Capital from C$5.75 to C$4.25 and set a “sector perform” rating on the stock in a report on Monday, October 26th. Desjardins reduced their price objective on shares of Fiera Capital from C$4.00 to C$3.00 and set a “hold” rating for the company in a report on Tuesday, October 20th. TD decreased their target price 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. RBC Dominion Securities lowered their target price on shares of Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Finally, National Bank Financial dropped their price target on shares of Fiera Capital from C$3.25 to C$2.75 and set a “sector perform” rating on the stock in a research report on Thursday. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, Fiera Capital has a consensus rating of “Hold” and an average price target of C$2.35.

Fiera Capital Stock Performance

FSZ stock traded up C$0.12 on Friday, reaching C$2.35. The company’s stock had a trading volume of 551,030 shares, compared to its average volume of 368,206. Fiera Capital has a 52 week low of C$2.16 and a 52 week high of C$6.42. 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 company has a market capitalization of C$248.94 million, a P/E ratio of 13.06, a price-to-earnings-growth ratio of -0.87 and a beta of 0.70. The firm has a fifty day moving average of C$3.65 and a two-hundred day moving average of C$4.92.

Fiera Capital (TSE:FSZ) last announced its earnings results on Wednesday, November 11th. The company reported C$0.19 earnings per share for the quarter. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. The firm had revenue of C$150.36 million for the quarter. As a group, analysts predict that Fiera Capital will post 1.09 EPS for the current fiscal 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.