CIBC Increases Fiera Capital (TSE:FSZ) Price Target to C$5.25

Fiera Capital (TSE:FSZ) had its price objective raised by analysts at CIBC from C$5.00 to C$5.25 in a report released on Thursday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target suggests a potential upside of 0.77% from the company’s previous close.

A number of other equities research analysts have also issued reports on FSZ. Scotiabank cut their price target on Fiera Capital from C$8.25 to C$6.00 and set a “sector perform” rating for the company in a research note on Monday, October 30th. Desjardins cut their price target on Fiera Capital from C$7.50 to C$6.75 and set a “hold” rating for the company in a research note on Tuesday, October 24th. BMO Capital Markets cut their price target on Fiera Capital from C$8.00 to C$7.50 and set an “outperform” rating for the company in a research note on Thursday, October 26th. National Bankshares cut their price target on Fiera Capital from C$7.00 to C$6.50 and set a “sector perform” rating for the company in a research note on Tuesday, October 24th. Finally, Royal Bank of Canada cut their price target on Fiera Capital from C$6.00 to C$5.50 and set a “sector perform” rating for the company in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$6.00.

Fiera Capital Trading Up 2.6 %

TSE:FSZ opened at C$5.21 on Thursday. The company has a debt-to-equity ratio of 274.79, a current ratio of 1.24 and a quick ratio of 1.05. The firm has a market capitalization of C$446.44 million, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of -0.87 and a beta of 1.49. Fiera Capital has a one year low of C$4.32 and a one year high of C$9.73. The business has a fifty day moving average price of C$5.47 and a 200-day moving average price of C$11.68.

Fiera Capital (TSE:FSZ) last posted its quarterly earnings data on Thursday, August 10th. The company reported C$0.24 EPS for the quarter, hitting the consensus estimate of C$0.24. Fiera Capital had a return on equity of 7.43% and a net margin of 2.90%. The firm had revenue of C$159.84 million during the quarter, compared to analyst estimates of C$164.50 million. Sell-side analysts forecast that Fiera Capital will post 1.0708502 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FSZ. Jane Street Group LLC lifted its holdings in shares of Fiera Capital by 493.4% in the 2nd quarter. Jane Street Group LLC now owns 103,532 shares of the company’s stock valued at $5,483,000 after acquiring an additional 86,086 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Fiera Capital by 511.5% in the 4th quarter. Morgan Stanley now owns 97,152 shares of the company’s stock valued at $5,332,000 after acquiring an additional 81,264 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Fiera Capital by 4.1% in the 1st quarter. First Trust Advisors LP now owns 1,100,729 shares of the company’s stock valued at $67,108,000 after acquiring an additional 43,403 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Fiera Capital by 184.3% in the 4th quarter. Wells Fargo & Company MN now owns 22,407 shares of the company’s stock valued at $1,230,000 after acquiring an additional 14,526 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Fiera Capital by 207.2% in the 1st quarter. Prudential Financial Inc. now owns 18,317 shares of the company’s stock valued at $1,185,000 after acquiring an additional 12,355 shares during the last quarter. Institutional investors own 17.56% of the company’s stock.

Fiera Capital Company Profile

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.