Fiera Capital (TSE:FSZ) Stock Falls 15.6% After Analyst Downgrade

Fiera Capital Co. (TSE:FSZ)’s stock price was down 15.6% during trading on Thursday after RBC Dominion Securities lowered their price target on the stock from C$5.00 to C$4.70. RBC Dominion Securities currently has a sector perform rating on the stock. Fiera Capital traded as low as C$3.17 and last traded at C$3.25. 1,300,869 shares were traded during trading, an increase of 286% from the average daily volume of 336,869 shares. The stock had previously closed at C$3.85.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada reduced their price objective on shares of Fiera Capital from C$6.00 to C$5.00 and set a “moderate buy” rating on the stock in a research note on Monday, August 10th. TD decreased their target price on shares of Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating on the stock in a research report on Monday, August 10th. Desjardins lowered their target price on shares of Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a research note on Monday, August 10th. Finally, National Bank Financial lowered their target price on shares of Fiera Capital from C$5.50 to C$5.00 and set a “sector perform” rating for the company in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Fiera Capital has a consensus rating of “Hold” and a consensus target price of C$3.32.

Fiera Capital Stock Performance

The company has a quick ratio of 1.05, a current ratio of 1.55 and a debt-to-equity ratio of 350.73. The company has a market cap of C$351.69 million, a PE ratio of 18.44, a P/E/G ratio of -0.87 and a beta of 1.03. The stock’s 50 day simple moving average is C$4.27 and its two-hundred day simple moving average is C$4.97.

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

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. 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.