Fiera Capital (TSE:FSZ) Reaches New 52-Week Low After Analyst Downgrade

Fiera Capital Co. (TSE:FSZ)’s share price hit a new 52-week low during trading on Friday after Royal Bank Of Canada lowered their price target on the stock from C$3.25 to C$2.50. Royal Bank Of Canada currently has an underperform rating on the stock. Fiera Capital traded as low as C$2.16 and last traded at C$2.37, with a volume of 582,468 shares changing hands. The stock had previously closed at C$2.23.

Several other research analysts have also issued reports on the company. TD 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 report on Monday, August 10th. RBC Dominion Securities decreased their price objective on 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. National Bank Financial lowered their target price on 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. Desjardins cut 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, Scotia reduced their price target on shares of Fiera Capital from C$5.75 to C$4.25 and set a “sector perform” rating for the company in a research report on Monday, October 26th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$2.37.

Fiera Capital Stock Performance

The company has a market capitalization of C$251.06 million, a P/E ratio of 13.17, a PEG ratio of -0.87 and a beta of 0.70. The company has a quick ratio of 1.05, a current ratio of 1.55 and a debt-to-equity ratio of 350.73. The company’s 50-day moving average is C$3.65 and its two-hundred day moving average is C$4.92.

Fiera Capital (TSE:FSZ) last posted its earnings results on Wednesday, November 11th. The company reported C$0.19 EPS for the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. The firm had revenue of C$150.36 million during the quarter. Equities analysts anticipate 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.