Fiera Capital (TSE:FSZ) Stock Price Down 12.5% – What’s Next?

Fiera Capital Co. (TSE:FSZ) traded down 12.5% during trading on Wednesday . The stock traded as low as C$6.35 and last traded at C$6.42. 1,107,853 shares were traded during trading, an increase of 346% from the average session volume of 248,179 shares. The stock had previously closed at C$7.34.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. TD Securities raised their target price on Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. CIBC decreased their target price on Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. National Bankshares raised their target price on Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets decreased their target price on Fiera Capital from C$10.00 to C$9.00 in a research note on Thursday, January 30th. Finally, Scotiabank decreased their target price on Fiera Capital from C$10.50 to C$10.00 in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$8.93.

Fiera Capital Stock Down 10.9 %

The company has a quick ratio of 1.05, a current ratio of 1.31 and a debt-to-equity ratio of 261.73. The stock has a 50 day simple moving average of C$8.20 and a 200 day simple moving average of C$8.53. The stock has a market cap of C$707.27 million, a price-to-earnings ratio of 10.97, a PEG ratio of -0.87 and a beta of 1.64.

Insider Activity

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of Fiera Capital stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. Corporate insiders own 0.86% of the company’s stock.

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.