Desjardins Cuts Fiera Capital (TSE:FSZ) Price Target to C$5.00

Fiera Capital (TSE:FSZ) had its price objective lowered by research analysts at Desjardins from C$5.50 to C$5.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ target price indicates a potential upside of 11.36% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada set a C$6.00 price target on Fiera Capital and gave the company a “sector perform” rating in a report on Tuesday, April 28th. National Bank Financial cut their price objective on shares of Fiera Capital from C$6.00 to C$5.50 and set a “sector perform” rating on the stock in a research report on Monday, July 27th. One research analyst has rated the stock with a Moderate Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$4.49.

Fiera Capital Stock Down 5.5%

Shares of TSE:FSZ traded down C$0.26 during midday trading on Monday, hitting C$4.49. 687,886 shares of the stock were exchanged, compared to its average volume of 300,998. The company has a debt-to-equity ratio of 344.23, a quick ratio of 1.05 and a current ratio of 21.93. Fiera Capital has a 52-week low of C$4.43 and a 52-week high of C$7.02. The business’s fifty day simple moving average is C$5.19 and its two-hundred day simple moving average is C$5.48. The company has a market capitalization of C$476.23 million, a PE ratio of 23.63, a P/E/G ratio of -0.87 and a beta of 1.04.

Fiera Capital (TSE:FSZ) last released its quarterly earnings data on Friday, August 7th. The company reported C$0.03 earnings per share (EPS) for the quarter. Fiera Capital had a return on equity of 7.80% and a net margin of 5.98%.The firm had revenue of C$155.14 million during the quarter. As a group, research analysts predict that Fiera Capital will post 1.0905563 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.