Desjardins Increases Fiera Capital (TSE:FSZ) Price Target to C$9.00

Fiera Capital (TSE:FSZ) had its price objective raised by research analysts at Desjardins from C$7.75 to C$9.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ target price points to a potential downside of 3.54% from the stock’s current price. Desjardins also issued estimates for Fiera Capital’s Q4 2024 earnings at $0.33 EPS and FY2026 earnings at $1.17 EPS.

Other equities analysts have also issued reports about the stock. TD Securities dropped their price target on shares of Fiera Capital from C$8.00 to C$7.50 in a research note on Thursday, August 8th. CIBC reduced their price target on shares of Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. Scotiabank raised their price objective on Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. National Bank Financial downgraded Fiera Capital from a “hold” rating to a “strong sell” rating in a report on Sunday, July 28th. Finally, National Bankshares downgraded Fiera Capital from a “sector perform” rating to an “underperform” rating and raised their price target for the stock from C$7.00 to C$8.00 in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$8.14.

Fiera Capital Stock Performance

Shares of FSZ stock opened at C$9.33 on Thursday. The company has a market cap of C$818.71 million, a P/E ratio of 17.28, a PEG ratio of -0.87 and a beta of 1.64. The firm has a fifty day moving average price of C$8.10 and a 200 day moving average price of C$7.70. 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$4.35 and a 12 month high of C$9.35.

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, topping 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 company had revenue of C$164.79 million during the quarter, compared to the consensus estimate of C$160.80 million. Sell-side analysts predict that Fiera Capital will post 1.0905563 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fiera Capital news, Senior Officer John Valentini sold 28,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$8.57, for a total transaction of C$240,046.80. In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were 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 Fiera Capital stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$8.57, for a total transaction of C$240,046.80. Insiders have sold a total of 207,400 shares of company stock valued at $1,601,622 over the last quarter. 0.86% of the stock is currently owned by 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.