Fiera Capital (TSE:FSZ) Hits New 12-Month Low – Should You Sell?

Shares of Fiera Capital Co. (TSE:FSZ) reached a new 52-week low during trading on Monday. The stock traded as low as C$2.77 and last traded at C$2.83, with a volume of 243,092 shares changing hands. The stock had previously closed at C$2.82.

Analysts Set New Price Targets

FSZ has been the topic of a number of analyst reports. National Bank Financial cut their price objective on shares of Fiera Capital from C$5.00 to C$3.25 and set a “sector perform” rating on the stock in a research report on Wednesday, October 28th. Royal Bank Of Canada cut shares of Fiera Capital from a “hold” rating to a “sector perform” rating and decreased their target price for the company from C$4.70 to C$3.25 in a research report on Friday, October 16th. Desjardins lowered their target price on shares of Fiera Capital from C$4.00 to C$3.00 and set a “hold” rating for the company in a research note on Tuesday, October 20th. RBC Dominion Securities lowered 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 note on Thursday, October 15th. Finally, Scotia cut their price target on shares of Fiera Capital from C$5.75 to C$4.25 and set a “sector perform” rating on the stock in a report on Monday, October 26th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Fiera Capital has an average rating of “Hold” and an average price target of C$2.76.

Fiera Capital Stock Down 2.1%

The business has a fifty day moving average price of C$3.96 and a two-hundred day moving average price of C$5.07. 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 firm has a market capitalization of C$292.37 million, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of -0.87 and a beta of 1.03.

Fiera Capital (TSE:FSZ) last issued 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 firm had revenue of C$155.14 million for the quarter. On average, equities analysts expect 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.