Fiera Capital (TSE:FSZ) Given New C$10.50 Price Target at CIBC

Fiera Capital (TSE:FSZGet Rating) had its target price lowered by CIBC from C$11.00 to C$10.50 in a research note published on Friday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on the stock. National Bankshares dropped their target price on shares of Fiera Capital from C$11.50 to C$11.00 and set a sector perform rating for the company in a report on Thursday, April 21st. Scotiabank dropped their target price on shares of Fiera Capital from C$11.50 to C$10.50 in a report on Wednesday, April 20th. TD Securities raised shares of Fiera Capital from a hold rating to a buy rating and increased their target price for the stock from C$11.00 to C$12.00 in a report on Monday, February 28th. Finally, Barclays dropped their target price on shares of Fiera Capital from C$11.00 to C$10.00 and set an equal wight rating for the company in a report on Wednesday, January 26th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of C$11.07.

Shares of Fiera Capital stock opened at C$9.51 on Friday. The company has a market capitalization of C$974.96 million and a price-to-earnings ratio of 14.07. The company has a quick ratio of 1.10, a current ratio of 1.16 and a debt-to-equity ratio of 171.35. Fiera Capital has a 12-month low of C$9.36 and a 12-month high of C$11.75. The firm’s 50-day moving average price is C$10.29 and its two-hundred day moving average price is C$10.40.

Fiera Capital (TSE:FSZGet Rating) last announced its quarterly earnings data on Friday, February 25th. The company reported C$0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.16. The firm had revenue of C$241.93 million for the quarter, compared to analyst estimates of C$206.60 million. On average, sell-side analysts expect that Fiera Capital will post 1.4299999 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 13th. Investors of record on Monday, May 16th will be issued a $0.215 dividend. The ex-dividend date is Friday, May 13th. This represents a $0.86 dividend on an annualized basis and a yield of 9.04%. Fiera Capital’s dividend payout ratio (DPR) is presently 125.74%.

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

About Fiera Capital (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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