Fiera Capital (TSE:FSZ – Get Free Report) The price target was cut by analysts at TD Securities from CAD 8.00 to CAD 7.50 in a research note issued to investors on Thursday, BayStreet.CA reports. TD Securities’ price target would imply a potential downside of 1.70% from the company’s last closing price.
FSZ has been the subject of several other research reports. National Bank Financial downgraded shares of Fiera Capital from a “hold” to a “strong sell” in a research report on Sunday, July 28. Scotiabank increased their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Wednesday, July 24. CIBC decreased their price target on Fiera Capital from C$9.00 to C$8.00 in a report on Thursday. Finally, National Bankshares downgraded shares of Fiera Capital from a “sector perform” to an “underperform” rating and increased their price target for the company from C$7.00 to C$8.00 in a research report on Monday, July 29. Two equities analysts rated the stock a “sell” rating and six gave the company’s stock a “hold” rating. According to data from MarketBeat, Fiera Capital currently has an average rating of “Hold” and an average price target of $7.89.
Check out our latest research report on FSZ
Fiera Capital shares down 1.2%
Shares of TSE:FSZ traded down C$0.09 on Thursday, reaching C$7.63. 249,249 shares of the company traded hands, compared to an average volume of 284,473. The stock has a 50-day moving average of C$7.71 and a 200-day moving average of C$7.59. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 243.00. The company has a market cap of C$659.61 million, a P/E ratio of 12.93, a PEG ratio of -0.87 and a beta of 0.85. Fiera Capital has a 52-week low of C$4.32 and a 52-week high of C$9.01.
Fiera Capital (TSE:FSZ – Get Free Report) last released its quarterly results on Wednesday, May 8. The company reported earnings per share of C$0.25 for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.06. The company had revenue of C$168.12 million for the quarter, compared to analyst estimates of C$160.30 million. Fiera Capital had a net margin of 9.84% and a return on equity of 23.90%. As a group, research analysts expect Fiera Capital to report earnings per share of C$1.0296736 for the current year.
Fiera Capital Company Profile
(Get free report)
Fiera Capital Corporation is an employee-owned investment manager. The firm offers its services primarily to institutional investors, mutual funds, charities and private clients. It manages separate, client-focused equity, fixed income and balanced portfolios. The firm also establishes and manages equity, fixed income and balanced mutual funds and income trusts for its clients.
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