Fiera Capital (TSE:FSZ) Stock Price Target Lowered at Desjardins

Key Points

• Desjardins lowered Fiera Capital’s price target to C$3.00 from C$4.00 and maintained a “hold” rating, implying 6.83% downside from the stock’s current price.
• Several other analysts have also reduced their targets, and the stock carries a consensus “Hold” rating with an average price target of C$3.22.
• Fiera Capital shares rose 0.3% to C$3.22 in Tuesday trading, near their 52-week low of C$2.99 and well below the 52-week high of C$6.74.

Fiera Capital (TSE:FSZ - Get Free Report) had its price objective cut by research analysts at Desjardins from C$4.00 to C$3.00 in a research note issued on Tuesday, BayStreet reports. The firm presently has a "hold" rating on the stock. Desjardins' price target points to a potential downside of 6.83% from the company's current price.

Other research analysts have also recently issued research reports about the company. 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 note on Thursday, October 15th. National Bank Financial lowered their price target on Fiera Capital from C$5.50 to C$5.00 and set a "sector perform" rating on the stock in a report on Monday, August 10th. Royal Bank Of Canada downgraded 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 report on Friday. Finally, TD decreased their target price on Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating for the company in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$3.22.

Fiera Capital Stock Up 0.3%

TSE FSZ traded up C$0.01 during mid-day trading on Tuesday, reaching C$3.22. The stock had a trading volume of 457,073 shares, compared to its average volume of 349,749. The stock has a market cap of C$341.10 million, a PE ratio of 17.89, a price-to-earnings-growth ratio of -0.87 and a beta of 1.03. Fiera Capital has a 1 year low of C$2.99 and a 1 year high of C$6.74. The company has a debt-to-equity ratio of 350.73, a current ratio of 1.55 and a quick ratio of 1.05. The company has a fifty day moving average price of C$4.25 and a 200 day moving average price of C$4.95.

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