Fiera Capital (TSE:FSZ) Reaches New 52-Week Low - Here's What Happened

Key Points

• Fiera Capital shares hit a new 52-week low, falling to C$4.08 before closing last at C$4.12, down from the prior close of C$4.17.
• Multiple analysts lowered their price targets to C$5.00, while ratings ranged from “moderate buy” to “hold.” MarketBeat reports a consensus “Hold” rating and a C$4.14 price target.
• The company reported quarterly earnings of C$0.03 per share on revenue of C$155.14 million. Fiera Capital also carries a high debt-to-equity ratio of 350.73, with shares trading below both their 50-day and 200-day moving averages.

Fiera Capital Co. (TSE:FSZ - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The company traded as low as C$4.08 and last traded at C$4.12, with a volume of 284375 shares. The stock had previously closed at C$4.17.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FSZ shares. Royal Bank Of Canada cut their price target on shares of Fiera Capital from C$6.00 to C$5.00 and set a "moderate buy" rating on the stock in a report on Monday, August 10th. National Bank Financial dropped their price objective on shares of Fiera Capital from C$5.50 to C$5.00 and set a "sector perform" rating on the stock in a 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 note 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 report on Monday, August 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$4.14.

Fiera Capital Stock Down 0.7%

The company has a debt-to-equity ratio of 350.73, a current ratio of 1.55 and a quick ratio of 1.05. The business's 50 day moving average price is C$4.84 and its 200 day moving average price is C$5.25. The firm has a market cap of C$439.11 million, a PE ratio of 23.00, a PEG ratio of -0.87 and a beta of 0.98.

Fiera Capital (TSE:FSZ - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$155.14 million for the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. On average, equities research analysts expect that Fiera Capital Co. will post 1.0905563 earnings per share for the current 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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