Fiera Capital (TSE:FSZ) Price Target Raised to C$8.50 at National Bankshares

Fiera Capital (TSE:FSZ) had its price target lifted by National Bankshares from C$8.00 to C$8.50 in a research report released on Wednesday, BayStreet.CA reports. The brokerage currently has an underperform rating on the stock.

FSZ has been the subject of a number of other research reports. BMO Capital Markets boosted their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. Desjardins boosted their price target on 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. CIBC decreased their price objective on Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. National Bank Financial lowered Fiera Capital from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 28th. Finally, TD Securities reduced their target price on shares of Fiera Capital from C$8.00 to C$7.50 in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, Fiera Capital currently has a consensus rating of “Hold” and a consensus target price of C$8.29.

Fiera Capital Price Performance

Fiera Capital stock opened at C$9.85 on Wednesday. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05. The stock 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 firm has a 50-day moving average of C$8.30 and a two-hundred day moving average of C$7.77. Fiera Capital has a 1 year low of C$4.77 and a 1 year high of C$9.92.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share (EPS) for the quarter, beating 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 firm had revenue of C$164.79 million during the quarter, compared to analyst estimates of C$160.80 million. On average, research analysts forecast that Fiera Capital will post 1.0905563 earnings per share for the current year.

Insiders Place Their Bets

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

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.