Royal Bank Of Canada Lowers Fiera Capital (TSE:FSZ) Price Target to C$5.00

Fiera Capital (TSE:FSZ) had its price target reduced by research analysts at Royal Bank Of Canada from C$6.00 to C$5.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 11.36% from the stock’s current price.

A number of other research analysts also recently commented on the company. TD reduced their price target on Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a report on Monday. National Bank Financial reduced their target price on 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. Finally, Desjardins decreased their price target on shares of Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a research report on Monday. One research analyst has rated the stock with a Moderate Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$4.49.

Fiera Capital Stock Down 5.5%

TSE FSZ traded down C$0.26 on Monday, reaching C$4.49. The company had a trading volume of 687,886 shares, compared to its average volume of 300,998. The firm has a market capitalization of C$476.23 million, a PE ratio of 23.63, a P/E/G ratio of -0.87 and a beta of 1.04. The firm has a 50-day moving average of C$5.19 and a 200-day moving average of C$5.48. Fiera Capital has a 1 year low of C$4.43 and a 1 year high of C$7.02. The company has a debt-to-equity ratio of 344.23, a current ratio of 21.93 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ) last released its quarterly earnings results on Friday, August 7th. The company reported C$0.03 earnings per share for the quarter. Fiera Capital had a net margin of 5.98% and a return on equity of 7.80%. The business had revenue of C$155.14 million during the quarter. On average, equities research analysts anticipate that Fiera Capital will post 1.0905563 EPS for the current fiscal 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.