Fiera Capital (TSE:FSZ) Price Target Cut to C$9.00 by Analysts at CIBC

Fiera Capital (TSE:FSZ) had its target price lowered by research analysts at CIBC from C$11.00 to C$9.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target would suggest a potential upside of 13.21% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Scotiabank cut their target price on Fiera Capital from C$10.50 to C$10.00 in a research note on Thursday. National Bankshares increased their price objective on shares of Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Desjardins lifted their target price on shares of Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. BMO Capital Markets dropped their target price on shares of Fiera Capital from C$10.00 to C$9.00 in a research note on Thursday. Finally, TD Securities boosted their price objective on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$8.93.

Fiera Capital Stock Up 1.4 %

Shares of TSE:FSZ traded up C$0.11 during midday trading on Thursday, reaching C$7.95. The company’s stock had a trading volume of 52,131 shares, compared to its average volume of 176,962. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. The firm has a 50 day moving average of C$9.00 and a 200-day moving average of C$8.64. The firm has a market capitalization of C$697.61 million, a P/E ratio of 14.72, a PEG ratio of -0.87 and a beta of 1.64. Fiera Capital has a 12-month low of C$6.58 and a 12-month high of C$10.92.

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

Insider Activity at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of Fiera Capital stock in a transaction 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. 0.86% of the stock is owned by company 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.