Fiera Capital (TSE:FSZ) PT Lowered to C$5.50

Fiera Capital (TSE:FSZ) had its target price lowered by equities research analysts at Royal Bank of Canada from C$6.00 to C$5.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 5.57% from the company’s previous close.

FSZ has been the topic of several other research reports. BMO Capital Markets cut their price objective on Fiera Capital from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Scotiabank cut their price objective on Fiera Capital from C$8.25 to C$6.00 and set a “sector perform” rating on the stock in a research note on Monday, October 30th. Desjardins cut their price objective on Fiera Capital from C$7.50 to C$6.75 and set a “hold” rating on the stock in a research note on Tuesday, October 24th. TD Securities dropped their price target on Fiera Capital from C$7.50 to C$6.00 and set a “hold” rating on the stock in a research report on Wednesday, October 18th. Finally, CIBC dropped their price target on Fiera Capital from C$7.00 to C$5.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Fiera Capital presently has an average rating of “Hold” and an average price target of C$6.00.

Fiera Capital Trading Up 2.6 %

Shares of FSZ opened at C$5.21 on Thursday. The company has a market capitalization of C$446.44 million, a P/E ratio of 28.94, a P/E/G 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 company has a debt-to-equity ratio of 274.79, a quick ratio of 1.05 and a current ratio of 1.24. The stock has a 50-day moving average price of C$5.47 and a 200 day moving average price of C$11.68.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings data on Thursday, August 10th. The company reported C$0.24 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of C$164.50 million. Sell-side analysts forecast that Fiera Capital will post 1.0708502 EPS for the current fiscal year.

Institutional Trading of Fiera Capital

Several large investors have recently added to or reduced their stakes in FSZ. Jane Street Group LLC increased its position in 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 period. Morgan Stanley boosted its stake in Fiera Capital by 511.5% during the 4th quarter. Morgan Stanley now owns 97,152 shares of the company’s stock valued at $5,332,000 after purchasing an additional 81,264 shares in the last quarter. First Trust Advisors LP boosted its stake in Fiera Capital by 4.1% during the 1st quarter. First Trust Advisors LP now owns 1,100,729 shares of the company’s stock valued at $67,108,000 after purchasing an additional 43,403 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Fiera Capital by 184.3% during the 4th quarter. Wells Fargo & Company MN now owns 22,407 shares of the company’s stock valued at $1,230,000 after purchasing an additional 14,526 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Fiera Capital by 207.2% during the 1st quarter. Prudential Financial Inc. now owns 18,317 shares of the company’s stock valued at $1,185,000 after purchasing an additional 12,355 shares in the last quarter. 17.56% of the stock is currently owned by institutional investors and hedge funds.

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.