Fiera Capital (TSE:FSZ) Given New C$4.25 Price Target at Scotia

Key Points

• Scotia cut Fiera Capital’s price target from C$5.75 to C$4.25 while maintaining a “sector perform” rating, implying 46.05% upside from the C$2.91 share price.
• Analyst sentiment remains cautious: multiple firms recently reduced their targets, and the consensus rating is “Hold” with an average target price of C$2.91.
• Fiera Capital shares fell 2.0% to C$2.91, near their 52-week low of C$2.83. The company reported quarterly EPS of C$0.21 and revenue of C$155.14 million.

Fiera Capital (TSE:FSZ - Get Free Report) had its price target decreased by research analysts at Scotia from C$5.75 to C$4.25 in a report released on Monday, BayStreet reports. The brokerage currently has a "sector perform" rating on the stock. Scotia's target price suggests a potential upside of 46.05% from the company's current price.

Other research analysts have also recently issued reports about the stock. Desjardins reduced their price objective on shares of Fiera Capital from C$4.00 to C$3.00 and set a "hold" rating for the company in a report on Tuesday, October 20th. National Bank Financial lowered their target price on shares of Fiera Capital from C$5.50 to C$5.00 and set a "sector perform" rating for the company in a report on Monday, August 10th. TD cut their price target on shares of Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating on the stock in a report on Monday, August 10th. Royal Bank Of Canada downgraded shares of Fiera Capital from a "hold" rating to a "sector perform" rating and reduced their price objective for the stock from C$4.70 to C$3.25 in a research report on Friday, October 16th. Finally, RBC Dominion Securities decreased their price target on Fiera Capital from C$5.00 to C$4.70 and set a "sector perform" rating for the company in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of C$2.91.

Fiera Capital Stock Down 2.0%

Fiera Capital stock traded down C$0.06 during mid-day trading on Monday, reaching C$2.91. The stock had a trading volume of 789,632 shares, compared to its average volume of 354,968. The firm has a market capitalization of C$308.26 million, a PE ratio of 16.17, a price-to-earnings-growth ratio of -0.87 and a beta of 1.03. Fiera Capital has a fifty-two week low of C$2.83 and a fifty-two week high of C$6.74. The stock's 50-day simple moving average is C$4.12 and its 200-day simple moving average is C$4.89. The company has a debt-to-equity ratio of 350.73, a quick ratio of 1.05 and a current ratio of 1.55.

Fiera Capital (TSE:FSZ - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$155.14 million for the quarter. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. On average, sell-side analysts forecast that Fiera Capital will post 1.09 EPS for the current fiscal year.

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. It invests in the public equity and fixed income markets across the globe with a focus on Canada. The firm primarily invests in growth and value stocks of small-cap companies.

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