Fiera Capital (TSE:FSZ) Posts Quarterly Earnings Results

Fiera Capital (TSE:FSZ) posted its quarterly earnings results on Wednesday. The company reported C$0.19 earnings per share for the quarter, FiscalAI reports. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. The business had revenue of C$150.36 million for the quarter.

Fiera Capital Stock Performance

TSE:FSZ traded up C$0.03 during mid-day trading on Wednesday, hitting C$2.85. The stock had a trading volume of 267,960 shares, compared to its average volume of 357,512. The company has a 50 day simple moving average of C$3.69 and a 200-day simple moving average of C$4.94. The stock has a market capitalization of C$301.90 million, a price-to-earnings ratio of 15.83, a P/E/G ratio of -0.87 and a beta of 0.70. The company has a current ratio of 1.55, a quick ratio of 1.05 and a debt-to-equity ratio of 350.73. Fiera Capital has a 52 week low of C$2.71 and a 52 week high of C$6.74.

Analyst Upgrades and Downgrades

FSZ has been the topic of several research reports. Scotia lowered their target price on 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. Desjardins decreased their price objective on 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. RBC Dominion Securities dropped their price target 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 report on Thursday, October 15th. National Bank Financial cut their price objective on Fiera Capital from C$5.00 to C$3.25 and set a “sector perform” rating on the stock in a report on Wednesday, October 28th. Finally, TD reduced their target price on shares of Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating on the stock in a report on Monday, August 10th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$2.85.

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.