Fiera Capital (TSE:FSZ) Shares Pass Above 200 Day Moving Average – Should You Sell?

Fiera Capital Co. (TSE:FSZ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.69 and traded as high as C$8.99. Fiera Capital shares last traded at C$8.98, with a volume of 273,912 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have commented on FSZ shares. Scotiabank raised their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. Desjardins raised their target price on Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a research note on Thursday. TD Securities reduced their price target on Fiera Capital from C$8.00 to C$7.50 in a research note on Thursday, August 8th. CIBC lowered their price objective on Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. Finally, National Bankshares downgraded shares of Fiera Capital from a “sector perform” rating to an “underperform” rating and upped their target price for the stock from C$7.00 to C$8.00 in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$8.14.

Fiera Capital Stock Up 0.8 %

The company’s 50-day simple moving average is C$8.10 and its two-hundred day simple moving average is C$7.70. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05. The firm has a market capitalization of C$818.71 million, a P/E ratio of 17.28, a P/E/G ratio of -0.87 and a beta of 1.64.

Fiera Capital (TSE:FSZ) last released its earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share for the quarter, beating the consensus estimate of C$0.19 by C$0.04. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. The company had revenue of C$164.79 million for the quarter, compared to the consensus estimate of C$160.80 million. As a group, research analysts expect that Fiera Capital Co. will post 1.0905563 earnings per share for the current year.

Insider Buying and Selling

In other Fiera Capital news, Senior Officer John Valentini sold 28,000 shares of Fiera Capital stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$8.57, for a total transaction of C$240,046.80. In other Fiera Capital news, Senior Officer John Valentini sold 28,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$8.57, for a total transaction of C$240,046.80. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. In the last ninety days, insiders sold 207,400 shares of company stock valued at $1,601,622. 0.86% of the stock is owned by corporate insiders.

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.