Fiera Capital (TSE:FSZ) Price Target Lowered to C$7.25 at CIBC

Fiera Capital (TSE:FSZ) had its price objective lowered by analysts at CIBC from C$8.25 to C$7.25 in a report released on Friday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target would suggest a potential upside of 3.28% from the company’s current price.

Several other research firms also recently weighed in on FSZ. Scotiabank increased their target price on Fiera Capital from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th. TD Securities increased their target price on Fiera Capital from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Royal Bank of Canada increased their target price on Fiera Capital from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th. National Bankshares raised their price objective on Fiera Capital from C$6.00 to C$7.50 and gave the stock a “sector perform” rating in a report on Thursday, February 29th. Finally, Desjardins raised their price objective on Fiera Capital from C$6.50 to C$7.25 and gave the stock a “hold” rating in a report on Thursday, February 29th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Fiera Capital has an average rating of “Hold” and an average target price of C$7.64.

Fiera Capital Stock Up 0.6 %

FSZ opened at C$7.02 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 228.52. The firm has a market cap of C$9.48 million, a P/E ratio of 14.04, a PEG ratio of -0.87 and a beta of 0.81. Fiera Capital has a 52 week low of C$4.32 and a 52 week high of C$8.75. The business’s fifty day simple moving average is C$7.97 and its 200 day simple moving average is C$6.59.

Fiera Capital (TSE:FSZ) last released its earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share for the quarter, topping the consensus estimate of C$0.30 by C$0.07. Fiera Capital had a return on equity of 19.66% and a net margin of 8.51%. The firm had revenue of C$210.97 million for the quarter, compared to the consensus estimate of C$203.10 million. As a group, equities research analysts anticipate that Fiera Capital will post 0.9695122 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer John Valentini sold 61,600 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of C$7.88, for a total value of C$485,432.64. Insiders own 3.22% of the company’s stock.

About Fiera Capital

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.