Fiera Capital (TSE:FSZ) Share Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• Fiera Capital shares fell below their 200-day moving average, trading as low as C$4.20 before closing at C$4.27 on volume of 553,290 shares.
• Several analysts cut their price targets to C$5.00, with ratings ranging from “Hold” to “Moderate Buy.” The consensus rating is Hold, with an average target of C$4.27.
• Fiera Capital reported quarterly EPS of C$0.03 on revenue of C$155.14 million, while its financial profile included a C$452.9 million market capitalization and a debt-to-equity ratio of 350.73.

Fiera Capital Co. (TSE:FSZ - Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.18 and traded as low as C$4.20. Fiera Capital shares last traded at C$4.27, with a volume of 553,290 shares changing hands.

Analysts Set New Price Targets

FSZ has been the topic of a number of recent analyst reports. TD cut their price objective on Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating on the stock in a research report on Monday, August 10th. Royal Bank Of Canada reduced their target price on Fiera Capital from C$6.00 to C$5.00 and set a "moderate buy" rating on the stock in a research note on Monday, August 10th. Desjardins decreased their target price on 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. Finally, National Bank Financial dropped 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 note on Monday, August 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$4.27.

Fiera Capital Stock Performance

The company has a market capitalization of C$452.90 million, a PE ratio of 23.72, a PEG ratio of -0.87 and a beta of 0.98. The company has a 50 day moving average of C$4.70 and a two-hundred day moving average of C$5.18. The company has a debt-to-equity ratio of 350.73, a current ratio of 1.55 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported C$0.03 EPS 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%. As a group, equities research analysts predict that Fiera Capital Co. will post 1.0905563 earnings per share 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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