Fiera Capital (TSE:FSZ) Reaches New 12-Month Low on Analyst Downgrade

Shares of Fiera Capital Co. (TSE:FSZ) reached a new 52-week low on Monday after Scotia lowered their price target on the stock from C$5.75 to C$4.25. Scotia currently has a sector perform rating on the stock. Fiera Capital traded as low as C$2.83 and last traded at C$2.91, with a volume of 765,732 shares traded. The stock had previously closed at C$2.97.

FSZ has been the subject of a number of other reports. RBC Dominion Securities cut their price target on Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating for the company in a report on Thursday, October 15th. Desjardins lowered their price target on shares of Fiera Capital from C$4.00 to C$3.00 and set a “hold” rating on the stock in a report on Tuesday, October 20th. National Bank Financial cut their price objective 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 report on Monday, August 10th. TD reduced their price objective 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, Royal Bank Of Canada lowered shares of Fiera Capital from a “hold” rating to a “sector perform” rating and reduced their price target for the company from C$4.70 to C$3.25 in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$2.92.

Fiera Capital Stock Down 1.7%

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 50-day simple moving average of C$4.12 and a two-hundred day simple moving average of C$4.89. The stock has a market cap of C$309.32 million, a P/E ratio of 16.22, a P/E/G ratio of -0.87 and a beta of 1.03.

Fiera Capital (TSE:FSZ) last posted its earnings results on Friday, August 7th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$155.14 million for the quarter. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. On average, equities analysts forecast that Fiera Capital Co. will post 1.09 EPS 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.