Fiera Capital (TSE:FSZ) Price Target Raised to C$11.00 at CIBC

Fiera Capital (TSE:FSZ) had its target price boosted by stock analysts at CIBC from C$9.50 to C$11.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 9.45% from the stock’s current price.

FSZ has been the subject of a number of other research reports. TD Securities lifted their target price on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research report on Friday. National Bank Financial downgraded shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 28th. Desjardins boosted their price objective on Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a report on Thursday, October 24th. National Bankshares upped their price objective on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets increased their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Fiera Capital currently has a consensus rating of “Hold” and a consensus target price of C$9.07.

Fiera Capital Price Performance

Shares of Fiera Capital stock traded down C$0.85 during trading on Friday, reaching C$10.05. The company’s stock had a trading volume of 642,170 shares, compared to its average volume of 289,088. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56. The stock has a market capitalization of C$881.89 million, a P/E ratio of 18.61, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. Fiera Capital has a one year low of C$4.77 and a one year high of C$10.92. The stock has a 50-day moving average price of C$8.50 and a two-hundred day moving average price of C$7.83.

Fiera Capital (TSE:FSZ) last issued its earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The business had revenue of C$171.71 million for the quarter, compared to the consensus estimate of C$163.10 million. As a group, sell-side analysts anticipate that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Insider Activity

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction on 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 other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s stock in a transaction on 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 28,000 shares of Fiera Capital stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$8.57, for a total transaction of C$240,046.80. Insiders sold a total of 207,400 shares of company stock valued at $1,601,622 over the last quarter. Company 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.