Fiera Capital (TSE:FSZ) Stock Price Down 15.6% - Here's Why

Key Points

• Fiera Capital shares fell 15.6% to C$3.25, with trading volume surging 286% above the daily average.
• Several analysts lowered their price targets to C$5.00, while ratings remained mostly neutral; the consensus rating is “Hold” with an average target of C$3.24.
• The company reported quarterly EPS of C$0.21 on revenue of C$155.14 million, but its balance sheet shows high leverage, with a debt-to-equity ratio of 350.73.

Fiera Capital Co. (TSE:FSZ - Get Free Report)'s stock price was down 15.6% on Thursday. The stock traded as low as C$3.17 and last traded at C$3.25. Approximately 1,300,869 shares were traded during mid-day trading, an increase of 286% from the average daily volume of 336,869 shares. The stock had previously closed at C$3.85.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. TD cut 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 research note on Monday, August 10th. Desjardins 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. Royal Bank Of Canada lowered 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. Finally, National Bank Financial dropped their target price 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. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$3.24.

Fiera Capital Stock Performance

The stock has a market capitalization of C$343.22 million, a P/E ratio of 18.00, a PEG ratio of -0.87 and a beta of 1.03. 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 company's fifty day simple moving average is C$4.34 and its two-hundred day simple moving average is C$5.00.

Fiera Capital (TSE:FSZ - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$155.14 million for the quarter. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. As a group, equities analysts forecast that Fiera Capital Co. will post 1.09 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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