Scotiabank Has Lowered Expectations for Fiera Capital (TSE:FSZ) Stock Price

Fiera Capital (TSE:FSZ) had its price target decreased by equities researchers at Scotiabank from C$10.50 to C$10.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 25.16% from the company’s previous close.

Several other analysts also recently commented on FSZ. 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, October 24th. CIBC raised their price objective on Fiera Capital from C$9.50 to C$11.00 in a research note on Friday, November 8th. TD Securities increased their target price on Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a report on Friday, November 8th. BMO Capital Markets lifted their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday, October 29th. Finally, National Bankshares raised their price objective on shares of Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$9.21.

Fiera Capital Trading Up 1.9 %

Shares of Fiera Capital stock traded up C$0.15 on Thursday, reaching C$7.99. 36,278 shares of the company’s stock were exchanged, compared to its average volume of 176,058. The company has a market capitalization of C$701.12 million, a P/E ratio of 14.80, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. Fiera Capital has a 52 week low of C$6.58 and a 52 week high of C$10.92. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. The firm’s 50-day moving average is C$9.04 and its two-hundred day moving average is C$8.65.

Fiera Capital (TSE:FSZ) last issued its earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of C$163.10 million. Sell-side analysts predict that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Insider Activity

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. 0.86% of the stock is currently 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.