Fiera Capital (TSE:FSZ) Sets New 1-Year Low Following Analyst Downgrade

Key Points

• Fiera Capital fell to a new 52-week low after RBC downgraded the stock to “sector perform” and cut its price target to C$3.25 from C$4.70. Shares traded as low as C$2.99 and closed at C$3.20.
• Multiple brokerages have recently lowered their price targets, leaving Fiera with a consensus “Hold” rating and an average target price of C$3.18.
• In its latest quarter, Fiera reported C$0.21 in earnings per share and C$155.14 million in revenue; analysts expect approximately C$1.09 in EPS for the current fiscal year.

Fiera Capital Co. (TSE:FSZ - Get Free Report) reached a new 52-week low on Monday after Royal Bank Of Canada downgraded the stock from a hold rating to a sector perform rating. Royal Bank Of Canada now has a C$3.25 price target on the stock, down from their previous price target of C$4.70. Fiera Capital traded as low as C$2.99 and last traded at C$3.20, with a volume of 1,020,795 shares trading hands. The stock had previously closed at C$3.32.

Several other brokerages also recently issued reports on FSZ. RBC Dominion Securities lowered their price objective on shares of Fiera Capital from C$5.00 to C$4.70 and set a "sector perform" rating for the company in a research report on Thursday. TD decreased 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. Desjardins lowered their target price on Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating for the company in a research note on Monday, August 10th. Finally, National Bank Financial dropped 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$3.18.

Fiera Capital Trading Down 4.2%

The company has a debt-to-equity ratio of 350.73, a quick ratio of 1.05 and a current ratio of 1.55. The business has a fifty day simple moving average of C$4.27 and a 200 day simple moving average of C$4.97. The company has a market cap of C$336.86 million, a P/E ratio of 17.67, a P/E/G ratio of -0.87 and a beta of 1.03.

Fiera Capital (TSE:FSZ - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$155.14 million during the quarter. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. Analysts anticipate that Fiera Capital Co. will post 1.09 earnings per share 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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