Desjardins Raises Fiera Capital (TSE:FSZ) Price Target to C$9.00

Fiera Capital (TSE:FSZ) had its target price increased by research analysts at Desjardins from C$7.75 to C$9.00 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ target price indicates a potential downside of 2.81% from the company’s previous close.

A number of other equities research analysts have also commented on FSZ. National Bankshares lowered shares of Fiera Capital from a “sector perform” rating to an “underperform” rating and upped their price objective for the company from C$7.00 to C$8.00 in a research note on Monday, July 29th. CIBC reduced their price objective on shares of Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. National Bank Financial lowered shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 28th. TD Securities cut their target price on shares of Fiera Capital from C$8.00 to C$7.50 in a research note on Thursday, August 8th. Finally, Scotiabank increased their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$8.14.

Fiera Capital Trading Up 3.1 %

TSE FSZ traded up C$0.28 on Thursday, hitting C$9.26. The company’s stock had a trading volume of 295,032 shares, compared to its average volume of 274,994. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. Fiera Capital has a 1-year low of C$4.32 and a 1-year high of C$9.32. The company’s 50-day moving average is C$8.04 and its 200 day moving average is C$7.69. The firm has a market cap of C$812.57 million, a PE ratio of 17.15, a PEG ratio of -0.87 and a beta of 1.64.

Fiera Capital (TSE:FSZ) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 EPS for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.04. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The company had revenue of C$164.79 million for the quarter, compared to analyst estimates of C$160.80 million. As a group, analysts predict that Fiera Capital will post 1.0905563 earnings per share for the current fiscal year.

Insider Activity

In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total transaction of C$73,049.00. In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total transaction of C$73,049.00. Also, Senior Officer John Valentini sold 122,500 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total transaction of C$913,347.75. Insiders sold a total of 207,400 shares of company stock worth $1,601,622 over the last quarter. Insiders own 0.86% of the company’s stock.

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.