Fiera Capital (TSE:FSZ) Stock Price Expected to Rise, National Bankshares Analyst Says

Fiera Capital (TSE:FSZ) had its price objective boosted by equities researchers at National Bankshares from C$8.00 to C$8.50 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has an “underperform” rating on the stock. National Bankshares’ price target suggests a potential downside of 12.46% from the stock’s current price.

Several other research analysts also recently weighed in on FSZ. National Bank Financial downgraded Fiera Capital from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 28th. BMO Capital Markets lifted their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday. CIBC cut their price objective on shares of Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. TD Securities reduced their target price on shares of Fiera Capital from C$8.00 to C$7.50 in a research note on Thursday, August 8th. Finally, Desjardins boosted their price target on shares of Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$8.29.

Fiera Capital Stock Performance

Shares of Fiera Capital stock opened at C$9.71 on Wednesday. The firm’s fifty day simple moving average is C$8.26 and its 200-day simple moving average is C$7.75. Fiera Capital has a 12 month low of C$4.63 and a 12 month high of C$9.90. The stock has a market capitalization of C$852.05 million, a price-to-earnings ratio of 17.98, a PEG ratio of -0.87 and a beta of 1.64. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of C$164.79 million for the quarter, compared to analyst estimates of C$160.80 million. As a group, equities analysts forecast that Fiera Capital will post 1.0905563 earnings per share for the current year.

Insider Buying and Selling

In other Fiera Capital news, Senior Officer John Valentini sold 122,500 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total value of C$913,347.75. In other Fiera Capital news, Senior Officer John Valentini sold 122,500 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total value of C$913,347.75. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of Fiera Capital stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total value of C$73,049.00. Over the last 90 days, insiders have sold 207,400 shares of company stock valued at $1,601,622. Corporate insiders own 0.86% of the company’s stock.

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.