Fiera Capital (TSE:FSZ) had its price target decreased by CIBC from C$15.00 to C$14.00 in a report released on Monday, BayStreet.CA reports.
Other equities analysts have also issued reports about the company. TD Securities reduced their price target on Fiera Capital from C$12.50 to C$11.50 and set a hold rating on the stock in a research report on Thursday, August 15th. Royal Bank of Canada reduced their price target on Fiera Capital from C$14.00 to C$13.00 and set a sector perform rating on the stock in a research report on Thursday, August 15th. BMO Capital Markets reduced their price target on Fiera Capital from C$12.50 to C$12.00 in a research report on Friday, July 5th. Desjardins restated a buy rating on shares of Fiera Capital in a research report on Thursday, July 4th. Finally, National Bank Financial reduced their price target on Fiera Capital from C$14.50 to C$13.00 and set an outperform rating on the stock in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of C$12.92.
Shares of TSE FSZ traded up C$0.12 during trading hours on Monday, reaching C$10.63. 26,482 shares of the stock traded hands, compared to its average volume of 122,152. The company has a market capitalization of $1.04 billion and a P/E ratio of -81.77. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 126.09. Fiera Capital has a 52-week low of C$9.73 and a 52-week high of C$13.35. The company’s 50-day simple moving average is C$10.28 and its two-hundred day simple moving average is C$11.22.
Fiera Capital (TSE:FSZ) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C$0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.28 by C$0.05. The company had revenue of C$149.90 million for the quarter, compared to the consensus estimate of C$153.30 million. As a group, sell-side analysts forecast that Fiera Capital will post 1.48717 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 23rd were given a $0.21 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.90%. Fiera Capital’s dividend payout ratio is currently -630.77%.
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.
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