Fiera Capital (TSE:FSZ) Hits New 1-Year Low - What's Next?

Key Points

• Fiera Capital shares fell 5.1% to C$4.46 during mid-day trading, reaching a new 52-week low of C$4.43. The stock remains below its 50-day and 200-day moving averages of C$5.19 and C$5.48, respectively.
• Analysts have cut their price targets, with National Bank Financial lowering its target to C$5.50 and Desjardins to C$6.25; the consensus rating is “Moderate Buy,” with an average target of C$4.51.
• In its latest quarter, Fiera Capital reported C$0.03 in EPS and C$155.14 million in revenue, alongside a 5.98% net margin and 7.80% return on equity.

Fiera Capital Co. (TSE:FSZ - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$4.43 and last traded at C$4.46, with a volume of 587125 shares trading hands. The stock had previously closed at C$4.75.

Analyst Upgrades and Downgrades

Several analysts recently commented on FSZ shares. National Bank Financial dropped their price target on shares of Fiera Capital from C$6.00 to C$5.50 and set a "sector perform" rating on the stock in a research report on Monday, July 27th. Desjardins decreased their price objective on shares of Fiera Capital from C$6.50 to C$6.25 and set a "hold" rating for the company in a research report on Monday, April 27th. Finally, Royal Bank Of Canada set a C$6.00 target price on shares of Fiera Capital and gave the stock a "sector perform" rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$4.51.

Fiera Capital Trading Down 5.1%

The company has a fifty day moving average of C$5.19 and a 200-day moving average of C$5.48. The company has a current ratio of 21.93, a quick ratio of 1.05 and a debt-to-equity ratio of 344.23. The company has a market capitalization of C$478.35 million, a price-to-earnings ratio of 23.74, a PEG ratio of -0.87 and a beta of 1.04.

Fiera Capital (TSE:FSZ - Get Free Report) last released its earnings results on Friday, August 7th. The company reported C$0.03 earnings per share for the quarter. The business had revenue of C$155.14 million for the quarter. Fiera Capital had a return on equity of 7.80% and a net margin of 5.98%. As a group, equities research analysts anticipate that Fiera Capital Co. will post 1.0905563 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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