Fiera Capital (TSE:FSZ) Cut to “Sector Perform” at Royal Bank Of Canada

Fiera Capital (TSE:FSZ) was downgraded by analysts at Royal Bank Of Canada from a “hold” rating to a “sector perform” rating in a report issued on Friday, MarketBeat Ratings reports. They currently have a C$3.25 price objective on the stock, down from their prior price objective of C$4.70. Royal Bank Of Canada’s target price indicates a potential downside of 2.11% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. RBC Dominion Securities cut their target price on shares of Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating for the company in a research report on Thursday. Desjardins lowered their price target on shares of Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating on the stock in a report on Monday, August 10th. National Bank Financial lowered their price target on shares of Fiera Capital from C$5.50 to C$5.00 and set a “sector perform” rating on the stock in a report on Monday, August 10th. Finally, TD dropped their price target on shares of Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating on the stock in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Fiera Capital has an average rating of “Hold” and an average price target of C$3.32.

Fiera Capital Stock Down 0.9%

Shares of FSZ stock traded down C$0.03 during trading on Friday, hitting C$3.32. 1,072,187 shares of the company were exchanged, compared to its average volume of 344,438. The company has a debt-to-equity ratio of 350.73, a quick ratio of 1.05 and a current ratio of 1.55. The firm has a market capitalization of C$351.69 million, a price-to-earnings ratio of 18.44, a P/E/G ratio of -0.87 and a beta of 1.03. The business’s 50-day simple moving average is C$4.27 and its 200 day simple moving average is C$4.97. Fiera Capital has a twelve month low of C$3.16 and a twelve month high of C$6.74.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings data on Friday, August 7th. The company reported C$0.21 EPS for the quarter. The firm had revenue of C$155.14 million for the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. As a group, analysts forecast that Fiera Capital will post 1.09 EPS for the current fiscal year.

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. It invests in the public equity and fixed income markets across the globe with a focus on Canada. The firm primarily invests in growth and value stocks of small-cap companies.