Fiera Capital (TSE:FSZ) Stock Price Target Lowered at Desjardins

Fiera Capital (TSE:FSZ) had its target price dropped by equities researchers at Desjardins from C$4.00 to C$3.00 in a note issued to investors on Tuesday, BayStreet reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ target price suggests a potential downside of 6.83% from the company’s current price.

FSZ has been the topic of a number of other research reports. RBC Dominion Securities reduced their price objective on Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Royal Bank Of Canada downgraded Fiera Capital from a “hold” rating to a “sector perform” rating and lowered their target price for the company from C$4.70 to C$3.25 in a research report on Friday. TD lowered their target price on Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a research report on Monday, August 10th. Finally, National Bank Financial cut 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 report on Monday, August 10th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Fiera Capital presently has a consensus rating of “Hold” and an average target price of C$3.22.

Fiera Capital Price Performance

Shares of FSZ stock traded up C$0.01 during trading hours on Tuesday, hitting C$3.22. The stock had a trading volume of 457,073 shares, compared to its average volume of 349,749. Fiera Capital has a one year low of C$2.99 and a one year high of C$6.74. The company has a debt-to-equity ratio of 350.73, a current ratio of 1.55 and a quick ratio of 1.05. The stock’s 50-day moving average price is C$4.25 and its two-hundred day moving average price is C$4.95. The stock has a market capitalization of C$341.10 million, a price-to-earnings ratio of 17.89, a PEG 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 EPS for the quarter. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. The company had revenue of C$155.14 million for the quarter. Equities analysts forecast that Fiera Capital 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.