National Bank Financial Cuts Fiera Capital (TSE:FSZ) Price Target to C$5.00

Key Points

• National Bank Financial lowered Fiera Capital’s price target from C$5.50 to C$5.00 while maintaining a “sector perform” rating, implying 11.36% upside from the prior close.
• Fiera Capital shares fell 5.5% to C$4.49, near their 52-week low of C$4.43, with trading volume more than double the average.
• Analysts have mixed but generally cautious views: Fiera’s consensus rating is “Moderate Buy,” while the average target price is C$4.49. 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 objective lowered by equities researchers at National Bank Financial from C$5.50 to C$5.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bank Financial's target price would indicate a potential upside of 11.36% from the company's previous close.

A number of other research firms also recently issued reports on FSZ. Royal Bank Of Canada set a C$6.00 price objective on shares of Fiera Capital and gave the company a "sector perform" rating in a research note on Tuesday, April 28th. Desjardins lowered their price target on shares of Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating on the stock in a report on Monday. One investment analyst has rated the stock with a Moderate Buy rating, According to MarketBeat, Fiera Capital currently has an average rating of "Moderate Buy" and a consensus target price of C$4.49.

Fiera Capital Trading Down 5.5%

Shares of Fiera Capital stock traded down C$0.26 on Monday, hitting C$4.49. 687,886 shares of the company traded hands, compared to its average volume of 300,998. The stock's 50 day moving average price is C$5.19 and its 200-day moving average price is 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. Fiera Capital has a 52 week low of C$4.43 and a 52 week high of C$7.02. The company has a market cap of C$476.23 million, a PE ratio of 23.63, a PEG ratio of -0.87 and a beta of 1.04.

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