Desjardins Raises Fiera Capital (TSE:FSZ) Price Target to C$9.00

Fiera Capital (TSE:FSZ) had its target price increased by equities research analysts at Desjardins from C$7.75 to C$9.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ target price indicates a potential downside of 2.81% from the company’s previous close.

Several other equities research analysts have also issued reports on FSZ. National Bankshares lowered shares of Fiera Capital from a “sector perform” rating to an “underperform” rating and lifted their price target for the company from C$7.00 to C$8.00 in a research note on Monday, July 29th. TD Securities lowered their price target on shares of Fiera Capital from C$8.00 to C$7.50 in a research note on Thursday, August 8th. CIBC lowered their price objective on shares of Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. Scotiabank boosted their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Wednesday, July 24th. Finally, National Bank Financial lowered shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 28th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$8.14.

Fiera Capital Stock Up 3.1 %

Shares of TSE:FSZ traded up C$0.28 during midday trading on Thursday, reaching C$9.26. 295,032 shares of the company were exchanged, compared to its average volume of 274,994. Fiera Capital has a fifty-two week low of C$4.32 and a fifty-two week high of C$9.32. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. The stock has a fifty day simple moving average of C$8.04 and a two-hundred day simple moving average of C$7.69. The firm has a market cap of C$812.57 million, a PE ratio of 17.15, a P/E/G ratio of -0.87 and a beta of 1.64.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 EPS for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.04. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The business had revenue of C$164.79 million for the quarter, compared to analyst estimates of C$160.80 million. As a group, sell-side analysts forecast that Fiera Capital will post 1.0905563 earnings per share for the current year.

Insider Buying and Selling at Fiera Capital

In other Fiera Capital news, Senior Officer John Valentini sold 122,500 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total value of C$913,347.75. In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total transaction of C$73,049.00. Also, Senior Officer John Valentini sold 122,500 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total transaction of C$913,347.75. Insiders sold 207,400 shares of company stock valued at $1,601,622 in the last quarter. Company 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.