Royal Bank Of Canada Lowers Fiera Capital (TSE:FSZ) Price Target to C$5.00

Key Points

• Royal Bank of Canada lowered Fiera Capital’s price target to C$5.00 from C$6.00 while maintaining an “outperform” rating, implying 11.36% upside from the C$4.49 share price.
• TD, National Bank Financial, and Desjardins also reduced their targets to C$5.00 and assigned “hold” or “sector perform” ratings. Analysts collectively maintain a “Moderate Buy” consensus, with an average target of C$4.49.
• Fiera Capital reported quarterly EPS of C$0.03 on revenue of C$155.14 million. Its shares have fallen near the 52-week low of C$4.43 and remain below their 50-day and 200-day moving averages.

Fiera Capital (TSE:FSZ - Get Free Report) had its price objective reduced by equities researchers at Royal Bank Of Canada from C$6.00 to C$5.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price suggests a potential upside of 11.36% from the company's current price.

Several other equities research analysts have also recently issued reports on FSZ. TD decreased their price target 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. National Bank Financial decreased 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 research report on Monday. Finally, Desjardins cut their price target on Fiera Capital from C$5.50 to C$5.00 and set a "hold" rating for the company in a report on Monday. One analyst has rated the stock with a Moderate Buy rating, According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$4.49.

Fiera Capital Price Performance

Shares of FSZ traded down C$0.26 during mid-day trading on Monday, reaching C$4.49. 687,886 shares of the company's stock were exchanged, compared to its average volume of 300,998. The company has a quick ratio of 1.05, a current ratio of 21.93 and a debt-to-equity ratio of 344.23. The company has a 50-day simple moving average of C$5.19 and a two-hundred day simple moving average of C$5.48. Fiera Capital has a 52-week low of C$4.43 and a 52-week high of C$7.02. The company has a market cap of C$476.23 million, a price-to-earnings ratio of 23.63, a PEG ratio of -0.87 and a beta of 1.04.

Fiera Capital (TSE:FSZ - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported C$0.03 earnings per share (EPS) for the quarter. Fiera Capital had a return on equity of 7.80% and a net margin of 5.98%.The firm had revenue of C$155.14 million for the quarter. On average, sell-side analysts predict that Fiera Capital will post 1.0905563 EPS 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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