Fiera Capital (TSE:FSZ) Price Target Lowered to C$5.00 at TD

Key Points

• TD lowered Fiera Capital’s price target from C$5.50 to C$5.00 while maintaining a “hold” rating, implying 11.36% upside from the prior close.
• National Bank Financial and Desjardins also reduced their targets to C$5.00, while RBC maintained a C$6.00 target; the stock’s consensus rating is “Moderate Buy,” with an average target of C$4.49.
• Fiera Capital shares fell C$0.26 to C$4.49, near their one-year low of C$4.43. The company recently reported quarterly EPS of C$0.03 on revenue of C$155.14 million.

Fiera Capital (TSE:FSZ - Get Free Report) had its price target lowered by equities research analysts at TD from C$5.50 to C$5.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. TD's price target would indicate a potential upside of 11.36% from the stock's previous close.

Other equities analysts have also recently issued reports about the company. National Bank Financial reduced their price target on 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. Desjardins cut their price objective on shares of Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating for the company in a research report on Monday. Finally, Royal Bank Of Canada set a C$6.00 price target on shares of Fiera Capital and gave the company a "sector perform" rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$4.49.

Fiera Capital Stock Performance

FSZ traded down C$0.26 during trading on Monday, hitting C$4.49. 687,886 shares of the company traded hands, compared to its average volume of 300,998. The firm has a market cap of C$476.23 million, a P/E ratio of 23.63, a price-to-earnings-growth ratio of -0.87 and a beta of 1.04. The company has a quick ratio of 1.05, a current ratio of 21.93 and a debt-to-equity ratio of 344.23. Fiera Capital has a one year low of C$4.43 and a one year high of C$7.02. The stock's fifty day moving average is C$5.19 and its 200 day moving average is C$5.48.

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