Fiera Capital (TSE:FSZ) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Fiera Capital shares fell below their 200-day moving average of C$5.07, reaching C$4.20 before closing at C$4.27 on trading volume of 191,120 shares.
• Analysts broadly lowered their price targets to C$5.00. The stock carries a consensus “Hold” rating, with a consensus target price of C$4.27.
• In its latest quarter, Fiera Capital reported C$0.03 in EPS and C$155.14 million in revenue, alongside a 5.93% net margin and 7.95% return on equity.

Shares of Fiera Capital Co. (TSE:FSZ - Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$5.07 and traded as low as C$4.20. Fiera Capital shares last traded at C$4.27, with a volume of 191,120 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Desjardins lowered 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. TD cut 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 research note on Monday, August 10th. National Bank Financial reduced their price target on shares of Fiera Capital from C$5.50 to C$5.00 and set a "sector perform" rating for the company in a report on Monday, August 10th. Finally, Royal Bank Of Canada decreased 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 research report on Monday, August 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of C$4.27.

Fiera Capital Price Performance

The stock has a market cap of C$452.90 million, a P/E ratio of 23.72, a price-to-earnings-growth ratio of -0.87 and a beta of 0.98. The company has a current ratio of 1.55, a quick ratio of 1.05 and a debt-to-equity ratio of 350.73. The company's fifty day simple moving average is C$4.49 and its 200-day simple moving average is C$5.07.

Fiera Capital (TSE:FSZ - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported C$0.03 EPS for the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. The company had revenue of C$155.14 million during the quarter. As a group, sell-side analysts forecast that Fiera Capital Co. 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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