Royal Bank Of Canada Upgrades Fiera Capital (TSE:FSZ) to "Sector Perform"

Key Points

• Royal Bank of Canada upgraded Fiera Capital to “Sector Perform” from “Underperform,” but lowered its price target to C$3.25 from C$4.70, implying 2.4% downside from the prior close.
• Analyst sentiment remains cautious, with Fiera Capital holding a consensus “Hold” rating and an average target price of C$3.33 after several brokerages cut their targets.
• Fiera Capital shares fell 0.6% to C$3.33, near their 12-month low of C$3.16 and well below their 50-day and 200-day moving averages of C$4.30 and C$4.98, respectively.

Fiera Capital (TSE:FSZ - Get Free Report) was upgraded by research analysts at Royal Bank Of Canada from an "underperform" rating to a "sector perform" rating in a note issued to investors on Friday, BayStreet reports. The brokerage presently has a C$3.25 price target on the stock, down from their previous price target of C$4.70. Royal Bank Of Canada's price objective would indicate a potential downside of 2.40% from the company's previous close.

A number of other analysts have also recently weighed in on FSZ. RBC Dominion Securities dropped their price target on Fiera Capital from C$5.00 to C$4.70 and set a "sector perform" rating on the stock in a research report on Thursday. National Bank Financial dropped their target price on Fiera Capital from C$5.50 to C$5.00 and set a "sector perform" rating on the stock in a research report on Monday, August 10th. Desjardins 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 research report on Monday, August 10th. Finally, TD reduced their target price on shares of Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating for the company in a research note on Monday, August 10th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Fiera Capital currently has a consensus rating of "Hold" and an average target price of C$3.33.

Fiera Capital Stock Down 0.6%

TSE FSZ traded down C$0.02 on Friday, hitting C$3.33. 888,383 shares of the stock traded hands, compared to its average volume of 343,293. The stock has a 50-day moving average of C$4.30 and a 200 day moving average of C$4.98. Fiera Capital has a twelve month low of C$3.16 and a twelve month high of C$6.74. The company has a market capitalization of C$352.75 million, a P/E ratio of 18.50, a price-to-earnings-growth 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 (TSE:FSZ - Get Free Report) last released its earnings results on Friday, August 7th. The company reported C$0.21 earnings per share for the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. The firm had revenue of C$155.14 million during the quarter. As a group, analysts expect that Fiera Capital will post 1.09 earnings per share 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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