Fiera Capital (TSE:FSZ) Hits New 1-Year Low After Analyst Downgrade

Fiera Capital Co. (TSE:FSZGet Free Report)’s stock price reached a new 52-week low during trading on Monday after Royal Bank Of Canada lowered their price target on the stock from C$6.00 to C$5.00. Royal Bank Of Canada currently has a moderate buy rating on the stock. Fiera Capital traded as low as C$4.43 and last traded at C$4.46, with a volume of 587125 shares changing hands. The stock had previously closed at C$4.75.

Other equities research analysts have also recently issued reports about the stock. TD dropped 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. National Bank Financial reduced their price target on shares of Fiera Capital from C$5.50 to C$5.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Desjardins decreased their price target on shares of Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$4.70.

View Our Latest Research Report on Fiera Capital

Fiera Capital Stock Performance

The company has a debt-to-equity ratio of 344.23, a quick ratio of 1.05 and a current ratio of 21.93. The business has a 50-day moving average price of C$5.16 and a 200 day moving average price of C$5.46. The stock has a market capitalization of C$497.88 million, a P/E ratio of 26.11, a PEG ratio of -0.87 and a beta of 1.04.

Fiera Capital (TSE:FSZGet Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported C$0.03 earnings per share for the quarter. The company had revenue of C$155.14 million during the quarter. Fiera Capital had a return on equity of 7.80% and a net margin of 5.98%. As a group, sell-side analysts forecast that Fiera Capital Co. will post 1.0905563 EPS for the current fiscal year.

Fiera Capital Company Profile

(Get Free Report)

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.

Further Reading

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