Fiera Capital (TSE:FSZ) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Fiera Capital Co. (TSE:FSZ) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.69 and traded as high as C$8.99. Fiera Capital shares last traded at C$8.98, with a volume of 273,912 shares changing hands.

Analyst Ratings Changes

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

Fiera Capital Stock Up 0.8 %

The company’s 50 day simple moving average is C$8.10 and its 200-day simple moving average is C$7.70. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. The firm has a market capitalization of C$818.71 million, a PE ratio of 17.28, a PEG 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.04. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. The company had revenue of C$164.79 million for the quarter, compared to the consensus estimate of C$160.80 million. On average, analysts forecast that Fiera Capital Co. will post 1.0905563 EPS for the current fiscal year.

Insider Activity

In related 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 value of C$73,049.00. In other news, Senior Officer John Valentini sold 10,400 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$7.90, for a total value of C$82,164.16. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. In the last 90 days, insiders sold 207,400 shares of company stock worth $1,601,622. 0.86% of the stock is currently owned by insiders.

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.