Fiera Capital (TSE:FSZ) Price Target Cut to C$10.50 by Analysts at Scotiabank

Fiera Capital (TSE:FSZGet Rating) had its price objective lowered by investment analysts at Scotiabank from C$11.50 to C$10.50 in a research note issued on Wednesday, BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 0.86% from the company’s current price.

FSZ has been the topic of several other reports. CIBC cut their target price on Fiera Capital from C$11.50 to C$11.00 in a research note on Wednesday, January 26th. TD Securities raised Fiera Capital from a “hold” rating to a “buy” rating and increased their price objective for the company from C$11.00 to C$12.00 in a research report on Monday, February 28th. National Bankshares decreased their target price on Fiera Capital from C$12.00 to C$11.50 and set a “sector perform” rating for the company in a research report on Wednesday, February 2nd. Finally, Barclays dropped their price target on shares of Fiera Capital from C$11.00 to C$10.00 and set an “equal wight” rating on the stock in a report on Wednesday, January 26th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Fiera Capital presently has a consensus rating of “Hold” and an average target price of C$11.21.

Fiera Capital stock traded up C$0.17 during mid-day trading on Wednesday, reaching C$10.41. The stock had a trading volume of 692,430 shares, compared to its average volume of 370,103. Fiera Capital has a one year low of C$9.61 and a one year high of C$11.75. The company has a 50-day moving average price of C$10.33 and a two-hundred day moving average price of C$10.45. The company has a market capitalization of C$1.05 billion and a price-to-earnings ratio of 15.41. The company has a debt-to-equity ratio of 171.35, a current ratio of 1.16 and a quick ratio of 1.10.

Fiera Capital (TSE:FSZGet Rating) last issued its earnings results on Friday, February 25th. The company reported C$0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.42 by C$0.16. The firm had revenue of C$241.93 million during the quarter, compared to analysts’ expectations of C$206.60 million. On average, equities research analysts anticipate that Fiera Capital will post 1.51 earnings per share for the current fiscal year.

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 23,615 shares of the firm’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of C$10.40, for a total value of C$245,598.36. Following the transaction, the insider now directly owns 4,239,935 shares of the company’s stock, valued at C$44,095,747.99.

Fiera Capital Company Profile (Get Rating)

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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Analyst Recommendations for Fiera Capital (TSE:FSZ)

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