Fiera Capital (TSE:FSZ) Given New C$4.70 Price Target at RBC Dominion Securities

Key Points

• RBC Dominion Securities lowered Fiera Capital’s price target to C$4.70 from C$5.00 while maintaining a “sector perform” rating, implying about 37.8% upside from the reported C$3.41 share price.
• Other analysts also reduced their targets to approximately C$5.00, with ratings ranging from “hold” to “moderate buy.” Despite RBC’s target, MarketBeat reports a consensus “hold” rating and a lower consensus price target of C$3.41.
• Fiera Capital shares fell 11.4% to C$3.41 in heavy trading, while the company’s latest quarterly results showed C$0.21 in EPS and C$155.14 million in revenue.

Fiera Capital (TSE:FSZ - Get Free Report) had its target price dropped by RBC Dominion Securities from C$5.00 to C$4.70 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm currently has a "sector perform" rating on the stock. RBC Dominion Securities' price objective would suggest a potential upside of 37.83% from the stock's current price.

Other equities analysts have also issued research reports about the stock. TD cut their price objective 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. National Bank Financial decreased their price objective on shares of Fiera Capital from C$5.50 to C$5.00 and set a "sector perform" rating for the company in a research report on Monday, August 10th. Royal Bank Of Canada lowered their target price on Fiera Capital from C$6.00 to C$5.00 and set a "moderate buy" rating for the company in a research note on Monday, August 10th. Finally, Desjardins dropped their target price on Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating on the stock in a research report on Monday, August 10th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$3.41.

Fiera Capital Stock Down 11.4%

TSE:FSZ traded down C$0.44 during trading hours on Thursday, hitting C$3.41. The stock had a trading volume of 1,730,449 shares, compared to its average volume of 339,141. The company has a current ratio of 1.55, a quick ratio of 1.05 and a debt-to-equity ratio of 350.73. Fiera Capital has a 1-year low of C$3.17 and a 1-year high of C$6.74. The business has a 50 day simple moving average of C$4.34 and a two-hundred day simple moving average of C$5.00. The company has a market cap of C$361.22 million, a PE ratio of 18.94, a price-to-earnings-growth ratio of -0.87 and a beta of 1.03.

Fiera Capital (TSE:FSZ - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$155.14 million for the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. Analysts predict that Fiera Capital will post 1.09 EPS for the current year.

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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.