Fiera Capital (TSE:FSZ) had its price target raised by National Bank Financial from C$7.00 to C$8.00 in a report issued on Tuesday, BayStreet.CA reports. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for Fiera Capital’s Q2 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.26 EPS, Q4 2020 earnings at $0.37 EPS, FY2020 earnings at $1.05 EPS and FY2021 earnings at $1.36 EPS.
Several other brokerages have also issued reports on FSZ. Scotiabank boosted their price target on shares of Fiera Capital from C$8.00 to C$10.00 in a report on Tuesday. Royal Bank of Canada upped their target price on shares of Fiera Capital from C$6.50 to C$7.00 and gave the stock a sector perform rating in a research note on Friday, March 20th. Canaccord Genuity reduced their target price on shares of Fiera Capital from C$15.00 to C$7.50 in a research note on Friday, March 20th. BMO Capital Markets reduced their target price on shares of Fiera Capital from C$11.50 to C$7.00 in a research note on Friday, March 20th. Finally, TD Securities upped their target price on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a buy rating in a research note on Tuesday.
Shares of FSZ stock opened at C$8.86 on Tuesday. Fiera Capital has a 12-month low of C$4.77 and a 12-month high of C$13.18. The firm has a market capitalization of $885.84 million and a price-to-earnings ratio of -63.29. The company has a quick ratio of 1.02, a current ratio of 1.11 and a debt-to-equity ratio of 143.78. The firm has a fifty day moving average of C$7.69 and a 200-day moving average of C$10.24.
Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Thursday, March 19th. The company reported C$0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.43 by C($0.02). The firm had revenue of C$204.53 million for the quarter, compared to the consensus estimate of C$200.20 million. Research analysts expect that Fiera Capital will post 1.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, May 26th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.48%. Fiera Capital’s dividend payout ratio is -600.00%.
In other Fiera Capital news, Senior Officer Jean-Philippe Lemay acquired 5,000 shares of Fiera Capital stock in a transaction dated Monday, April 13th. The stock was bought at an average cost of C$6.77 per share, for a total transaction of C$33,858.00. Following the purchase, the insider now directly owns 28,808 shares in the company, valued at approximately C$195,076.25. Also, Director David Robinson Shaw acquired 23,100 shares of Fiera Capital stock in a transaction dated Monday, April 13th. The shares were acquired at an average price of C$6.95 per share, with a total value of C$160,545.00. Following the completion of the purchase, the director now owns 33,870 shares in the company, valued at C$235,396.50.
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.
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