Fiera Capital (TSE:FSZ) Cut to “Underperform” at National Bankshares

Fiera Capital (TSE:FSZ) was downgraded by equities researchers at National Bankshares from a “sector perform” rating to an “underperform” rating in a report released on Monday, BayStreet.CA reports. They currently have a C$8.00 price objective on the stock, up from their prior price objective of C$7.00. National Bankshares’ target price points to a potential downside of 1.48% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. TD Securities increased their price target on shares of Fiera Capital from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Scotiabank upped their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. Finally, CIBC upped their price objective on shares of Fiera Capital from C$7.25 to C$9.00 in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, Fiera Capital presently has an average rating of “Hold” and a consensus price target of C$8.11.

Fiera Capital Stock Down 9.5 %

Shares of Fiera Capital stock traded down C$0.85 during trading hours on Monday, hitting C$8.12. The company had a trading volume of 750,366 shares, compared to its average volume of 278,520. The company has a market cap of C$701.97 million, a P/E ratio of 13.83, a price-to-earnings-growth ratio of -0.87 and a beta of 0.85. The company’s 50-day moving average is C$7.52 and its two-hundred day moving average is C$7.50. The company has a debt-to-equity ratio of 243.00, a current ratio of 1.34 and a quick ratio of 1.05. Fiera Capital has a twelve month low of C$4.32 and a twelve month high of C$9.01.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06. The firm had revenue of C$168.12 million during the quarter, compared to analysts’ expectations of C$160.30 million. Fiera Capital had a net margin of 9.84% and a return on equity of 23.90%. Analysts anticipate that Fiera Capital will post 1.0296736 earnings per share for the current fiscal 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.