Fiera Capital (TSE:FSZ) Hits New 12-Month Low – Here’s What Happened

Fiera Capital Co. (TSE:FSZ) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$4.08 and last traded at C$4.12, with a volume of 284375 shares trading hands. The stock had previously closed at C$4.17.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FSZ. TD cut their price target on 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. Desjardins lowered their price objective on Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating on the stock in a research note on Monday, August 10th. Royal Bank Of Canada dropped 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 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 research report on Monday, August 10th. One 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 an average price target of C$4.09.

Fiera Capital Stock Performance

The stock has a market capitalization of C$433.81 million, a P/E ratio of 22.72, a PEG ratio of -0.87 and a beta of 0.98. 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 moving average price of C$4.79 and a two-hundred day moving average price of C$5.23.

Fiera Capital (TSE:FSZ) last posted its earnings results on Friday, August 7th. The company reported C$0.03 earnings per share for the quarter. The business had revenue of C$155.14 million for the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. Equities analysts expect that Fiera Capital Co. will post 1.0905563 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.