Fiera Capital (TSE:FSZ) Price Target Cut to C$3.25 by Analysts at National Bank Financial

Key Points

• National Bank Financial cut Fiera Capital’s price target from C$5.00 to C$3.25 while maintaining a “sector perform” rating, implying approximately 14% upside from the reported C$2.85 share price.
• Several other analysts also lowered their targets, with ratings ranging from “hold” to “sector perform.” MarketBeat reports an average rating of “Hold” and an average price target of C$2.85.
• Fiera Capital shares rose 0.4% to C$2.85, near their 12-month low of C$2.80 and well below the 50-day and 200-day moving averages of C$4.06 and C$5.12, respectively.

Fiera Capital (TSE:FSZ - Get Free Report) had its price objective reduced by investment analysts at National Bank Financial from C$5.00 to C$3.25 in a report released on Wednesday, BayStreet reports. The firm currently has a "sector perform" rating on the stock. National Bank Financial's price objective would suggest a potential upside of 14.04% from the company's current price.

Several other analysts have also recently issued reports on the company. Scotia cut their price objective on Fiera Capital from C$5.75 to C$4.25 and set a "sector perform" rating on the stock in a research note on Monday. RBC Dominion Securities lowered 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 report on Thursday, October 15th. TD lowered their price target on Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating for the company in a report on Monday, August 10th. Royal Bank Of Canada lowered Fiera Capital from a "hold" rating to a "sector perform" rating and dropped their price target for the company from C$4.70 to C$3.25 in a research report on Friday, October 16th. Finally, Desjardins reduced their price objective on Fiera Capital from C$4.00 to C$3.00 and set a "hold" rating on the stock in a research note on Tuesday, October 20th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of C$2.85.

Fiera Capital Stock Up 0.4%

TSE FSZ traded up C$0.01 during trading hours on Wednesday, reaching C$2.85. 238,708 shares of the company traded hands, compared to its average volume of 355,122. The stock has a market capitalization of C$301.90 million, a PE ratio of 15.83, a PEG ratio of -0.87 and a beta of 1.03. 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 12 month low of C$2.80 and a 12 month high of C$6.74. The company has a 50 day moving average of C$4.06 and a two-hundred day moving average of C$5.12.

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 (EPS) for the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. The business had revenue of C$155.14 million for the quarter. As a group, equities analysts expect that Fiera Capital will post 1.09 earnings per share 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.

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