Fiera Capital (TSE:FSZ) Reaches New 1-Year Low – Here’s Why

Fiera Capital Co. (TSE:FSZ)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$6.17 and last traded at C$6.28, with a volume of 501172 shares changing hands. The stock had previously closed at C$6.35.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FSZ shares. BMO Capital Markets cut their price objective on Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. Desjardins cut their price objective on Fiera Capital from C$9.00 to C$7.25 and set a “hold” rating for the company in a research report on Thursday, February 27th. CIBC cut their price objective on Fiera Capital from C$9.00 to C$6.75 and set a “neutral” rating for the company in a research report on Thursday, February 27th. TD Securities dropped their price target on Fiera Capital from C$8.50 to C$6.50 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, National Bankshares upgraded Fiera Capital from an “underperform” rating to a “sector perform” rating and dropped their price target for the stock from C$8.50 to C$7.00 in a research report on Thursday, February 27th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, Fiera Capital currently has an average rating of “Hold” and a consensus target price of C$7.54.

Fiera Capital Trading Down 1.1 %

The company has a 50 day moving average of C$7.96 and a 200-day moving average of C$8.48. The company has a debt-to-equity ratio of 261.73, a quick ratio of 1.05 and a current ratio of 1.31. The stock has a market cap of C$679.15 million, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64.

Insider Activity

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. Company insiders own 0.86% of the company’s stock.

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.