Scotiabank Increases Fiera Capital (TSE:FSZ) Price Target to C$8.50

Fiera Capital (TSE:FSZ - Get Free Report) had its target price boosted by equities researchers at Scotiabank from C$8.00 to C$8.50 in a research report issued on Thursday, BayStreet.CA reports. Scotiabank's price target would suggest a potential upside of 19.05% from the stock's previous close.

Several other equities research analysts have also issued reports on the stock. TD Securities boosted their price target on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a "hold" rating in a report on Friday, March 1st. National Bankshares lifted their price target on shares of Fiera Capital from C$6.00 to C$7.50 and gave the company a "sector perform" rating in a report on Thursday, February 29th. CIBC decreased their price objective on shares of Fiera Capital from C$8.25 to C$7.25 and set a "neutral" rating on the stock in a research note on Friday, April 26th. BMO Capital Markets cut shares of Fiera Capital from an "outperform" rating to a "market perform" rating and lifted their target price for the company from C$8.00 to C$8.50 in a research note on Thursday, February 29th. Finally, Desjardins increased their price target on Fiera Capital from C$6.50 to C$7.25 and gave the stock a "hold" rating in a research report on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$7.71.

Fiera Capital Stock Performance

Fiera Capital stock traded down C$0.05 on Thursday, hitting C$7.14. The company's stock had a trading volume of 288,062 shares, compared to its average volume of 291,928. The firm has a market cap of C$617.25 million, a P/E ratio of 14.28, a price-to-earnings-growth ratio of -0.87 and a beta of 1.65. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 228.52. The company has a fifty day moving average price of C$7.84 and a 200-day moving average price of C$6.65. Fiera Capital has a one year low of C$4.32 and a one year high of C$8.75.

Fiera Capital (TSE:FSZ - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.30 by C$0.07. The firm had revenue of C$210.97 million for the quarter, compared to analyst estimates of C$203.10 million. Fiera Capital had a net margin of 8.51% and a return on equity of 19.66%. On average, equities analysts anticipate that Fiera Capital will post 0.9706704 earnings per share for the current year.

Insiders Place Their Bets

In related news, Senior Officer John Valentini sold 61,600 shares of Fiera Capital stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of C$7.88, for a total transaction of C$485,432.64. Company insiders own 0.88% of the company's stock.

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.