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

Fiera Capital (TSE:FSZ) had its price target boosted by stock analysts at BMO Capital Markets from C$8.50 to C$9.00 in a research report issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential downside of 8.35% from the stock’s previous close.

Several other equities analysts have also recently weighed in on FSZ. National Bank Financial cut shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research report on Sunday, July 28th. Scotiabank raised their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. Desjardins raised their price target on shares of Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. National Bankshares cut shares of Fiera Capital from a “sector perform” rating to an “underperform” rating and raised their price target for the company from C$7.00 to C$8.00 in a research report on Monday, July 29th. Finally, CIBC dropped their target price on shares of Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$8.29.

Fiera Capital Stock Performance

Shares of FSZ opened at C$9.82 on Tuesday. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05. The stock has a 50-day moving average of C$8.21 and a 200-day moving average of C$7.74. The company has a market cap of C$861.71 million, a PE ratio of 18.19, a P/E/G ratio of -0.87 and a beta of 1.64. Fiera Capital has a one year low of C$4.63 and a one year high of C$9.90.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share for the quarter, beating the consensus estimate of C$0.19 by C$0.04. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The business had revenue of C$164.79 million for the quarter, compared to analysts’ expectations of C$160.80 million. On average, equities research analysts predict that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer John Valentini sold 28,000 shares of Fiera Capital stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$8.57, for a total value of C$240,046.80. In other news, Senior Officer John Valentini sold 28,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$8.57, for a total transaction of C$240,046.80. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total transaction of C$73,049.00. Insiders have sold a total of 207,400 shares of company stock valued at $1,601,622 in the last 90 days. 0.86% of the stock is currently owned by corporate 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.