TD Securities Boosts Fiera Capital (TSE:FSZ) Price Target to C$10.00

Fiera Capital (TSE:FSZ) had its price target lifted by stock analysts at TD Securities from C$9.00 to C$10.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price points to a potential downside of 0.50% from the stock’s previous close.

Several other research analysts have also recently commented on the company. 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 report on Wednesday, October 30th. CIBC lowered their target price on shares of Fiera Capital from C$9.00 to C$8.00 in a report on Thursday, August 8th. National Bank Financial lowered shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research report on Sunday, July 28th. BMO Capital Markets boosted their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday, October 29th. Finally, Desjardins boosted their price objective 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. Two equities research 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, Fiera Capital has a consensus rating of “Hold” and a consensus price target of C$9.07.

Fiera Capital Price Performance

Shares of TSE:FSZ traded down C$0.85 during trading on Friday, hitting C$10.05. 642,170 shares of the stock were exchanged, compared to its average volume of 289,088. The company has a market cap of C$881.89 million, a PE ratio of 18.74, a P/E/G ratio of -0.87 and a beta of 1.64. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56. Fiera Capital has a 12-month low of C$4.77 and a 12-month high of C$10.92. The company has a fifty day moving average price of C$8.50 and a two-hundred day moving average price of C$7.83.

Fiera Capital (TSE:FSZ) last released its earnings results on Thursday, November 7th. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. The company had revenue of C$171.71 million for the quarter, compared to the consensus estimate of C$163.10 million. On average, analysts forecast that Fiera Capital will post 1.0905563 EPS for the current year.

Insider Activity at Fiera Capital

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 stock was sold at an average price of C$7.30, for a total value of C$73,049.00. In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total value of C$73,049.00. Also, 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 value of C$240,046.80. In the last ninety days, insiders have sold 207,400 shares of company stock worth $1,601,622. 0.86% of the stock is owned by corporate 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.