Fiera Capital (TSE:FSZ) Reaches New 12-Month Low on Analyst Downgrade

Key Points

• Fiera Capital fell to a new 52-week low after Scotia cut its price target from C$5.75 to C$4.25 while maintaining a sector perform rating. Shares touched C$2.83 and closed at C$2.91, down 1.7%.
• Several analysts have recently reduced their price targets and maintained neutral ratings, resulting in a consensus “Hold” rating and a consensus target of C$2.92.
• Fiera reported quarterly EPS of C$0.21 on revenue of C$155.14 million. The company has a C$309.32 million market capitalization and high debt-to-equity ratio of 350.73.

Fiera Capital Co. (TSE:FSZ - Get Free Report) hit a new 52-week low on Monday after Scotia lowered their price target on the stock from C$5.75 to C$4.25. Scotia currently has a sector perform rating on the stock. Fiera Capital traded as low as C$2.83 and last traded at C$2.91, with a volume of 765,732 shares traded. The stock had previously closed at C$2.97.

FSZ has been the subject of several other research reports. Royal Bank Of Canada downgraded shares of Fiera Capital from a "hold" rating to a "sector perform" rating and reduced their target price for the stock from C$4.70 to C$3.25 in a report on Friday, October 16th. Desjardins lowered their price target on shares of Fiera Capital from C$4.00 to C$3.00 and set a "hold" rating on the stock in a report on Tuesday, October 20th. TD 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, August 10th. RBC Dominion Securities reduced their price objective on Fiera Capital from C$5.00 to C$4.70 and set a "sector perform" rating for the company in a report on Thursday, October 15th. Finally, National Bank Financial decreased 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. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$2.92.

Fiera Capital Stock Down 1.7%

The firm's 50 day moving average price is C$4.12 and its two-hundred day moving average price is C$4.89. The company has a market cap of C$309.32 million, a P/E ratio of 16.22, a price-to-earnings-growth ratio of -0.87 and a beta of 1.03. The company has a debt-to-equity ratio of 350.73, a quick ratio of 1.05 and a current ratio of 1.55.

Fiera Capital (TSE:FSZ - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported C$0.21 earnings per share (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. Equities research analysts anticipate that Fiera Capital Co. will post 1.09 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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