Desjardins Issues Pessimistic Forecast for Fiera Capital (TSE:FSZ) Stock Price

Fiera Capital (TSE:FSZ) had its price target dropped by stock analysts at Desjardins from C$6.75 to C$6.50 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ target price would suggest a potential upside of 13.04% from the company’s current price.

Fiera Capital Price Performance

TSE FSZ traded down C$0.32 during trading on Tuesday, reaching C$5.75. The company’s stock had a trading volume of 916,742 shares, compared to its average volume of 316,635. The stock has a market capitalization of C$613.08 million, a PE ratio of 21.30, a P/E/G ratio of -0.87 and a beta of 1.33. The company has a debt-to-equity ratio of 261.73, a current ratio of 1.31 and a quick ratio of 1.05. Fiera Capital has a one year low of C$5.50 and a one year high of C$7.70. The firm has a fifty day moving average of C$6.09 and a 200 day moving average of C$6.36.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.23 EPS for the quarter. The business had revenue of C$167.09 million for the quarter. Fiera Capital had a net margin of 9.25% and a return on equity of 21.21%. Analysts expect that Fiera Capital will post 1.0905563 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.