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

Key Points

• Fiera Capital shares fell below their 200-day moving average, trading as low as C$3.90 before closing at C$3.93, down 2.7%.
• Several brokerages cut their price targets to C$5.00, while analyst sentiment remained cautious; the consensus rating is “Hold”.
• Fiera Capital reported quarterly earnings of C$0.21 per share on C$155.14 million in revenue, with a 5.93% net margin and 7.95% return on equity.

Fiera Capital Co. (TSE:FSZ - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$5.01 and traded as low as C$3.90. Fiera Capital shares last traded at C$3.93, with a volume of 344,439 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FSZ. Desjardins lowered their price target 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. Royal Bank Of Canada reduced their price objective 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 note on Monday, August 10th. National Bank Financial reduced 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 research note on Monday, August 10th. Finally, TD decreased their target price on shares of 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. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, Fiera Capital presently has a consensus rating of "Hold" and a consensus price target of C$3.93.

Fiera Capital Stock Down 2.7%

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 stock has a market cap of C$416.31 million, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of -0.87 and a beta of 1.03. The firm's 50-day moving average is C$4.36 and its 200 day moving average is C$5.01.

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 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 for the quarter. Sell-side 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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