Fiera Capital (TSE:FSZ) Stock Price Down 13.7% – Here’s What Happened

Fiera Capital Co. (TSE:FSZ)’s stock price dropped 13.7% on Thursday. The company traded as low as C$2.30 and last traded at C$2.46. Approximately 1,558,760 shares were traded during trading, an increase of 330% from the average daily volume of 362,645 shares. The stock had previously closed at C$2.85.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FSZ shares. Desjardins cut their target price 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. TD dropped 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. 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 report on Wednesday, October 28th. Royal Bank Of Canada lowered shares of Fiera Capital from a “hold” rating to a “sector perform” rating and reduced their target price for the stock from C$4.70 to C$3.25 in a research note on Friday, October 16th. Finally, RBC Dominion Securities reduced 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. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$2.40.

Fiera Capital Trading Down 15.8%

The stock’s 50 day simple moving average is C$3.69 and its two-hundred day simple moving average is C$4.94. The stock has a market capitalization of C$254.23 million, a PE ratio of 13.33, a PEG ratio of -0.87 and a beta of 0.70. The company has a debt-to-equity ratio of 350.73, a current ratio of 1.55 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings results on Wednesday, November 11th. The company reported C$0.19 earnings per share (EPS) for the quarter. The company had revenue of C$150.36 million during the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. On average, sell-side analysts expect that Fiera Capital Co. will post 1.09 EPS for the current year.

Fiera Capital Company Profile

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.