BMO Capital Markets Forecasts Strong Price Appreciation for Fiera Capital (TSE:FSZ) Stock

Fiera Capital (TSE:FSZ) had its price target boosted by BMO Capital Markets from C$8.50 to C$9.00 in a research note published on Tuesday, BayStreet.CA reports.

Other analysts have also recently issued reports about the company. CIBC dropped their price target on Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. National Bank Financial lowered shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a report on Sunday, July 28th. TD Securities decreased their price target on shares of Fiera Capital from C$8.00 to C$7.50 in a research note on Thursday, August 8th. Desjardins boosted their price target on shares of Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Finally, National Bankshares downgraded shares of Fiera Capital from a “sector perform” rating to an “underperform” rating and increased their price objective for the company from C$7.00 to C$8.00 in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$8.29.

Fiera Capital Stock Up 1.4 %

Shares of TSE FSZ opened at C$9.85 on Tuesday. The firm has a market cap of C$864.34 million, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company’s 50-day simple moving average is C$8.30 and its 200-day simple moving average is C$7.77. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. Fiera Capital has a 52-week low of C$4.77 and a 52-week high of C$9.92.

Fiera Capital (TSE:FSZ) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of C$160.80 million. Equities analysts predict that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the 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 Fiera Capital news, Senior Officer John Valentini sold 28,000 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$8.57, for a total transaction of C$240,046.80. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the company’s stock in a transaction 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. Insiders have sold 207,400 shares of company stock valued at $1,601,622 over the last ninety days. 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.