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

Fiera Capital (TSE:FSZ) had its price objective lowered by equities research analysts at Desjardins from C$5.50 to C$5.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price objective would suggest a potential upside of 11.36% from the stock’s current price.

Several other research firms have also recently weighed in on FSZ. Royal Bank Of Canada set a C$6.00 target price on shares of Fiera Capital and gave the company a “sector perform” rating in a research note on Tuesday, April 28th. National Bank Financial cut their price target on Fiera Capital from C$6.00 to C$5.50 and set a “sector perform” rating for the company in a report on Monday, July 27th. One investment analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat, Fiera Capital has a consensus rating of “Moderate Buy” and an average price target of C$4.49.

Fiera Capital Stock Performance

FSZ stock traded down C$0.26 on Monday, reaching C$4.49. 687,886 shares of the company were exchanged, compared to its average volume of 300,998. Fiera Capital has a 12 month low of C$4.43 and a 12 month high of C$7.02. The stock’s fifty day moving average price is C$5.19 and its 200 day moving average price is C$5.48. The firm has a market capitalization of C$476.23 million, a PE ratio of 23.63, a PEG ratio of -0.87 and a beta of 1.04. The company has a debt-to-equity ratio of 344.23, a current ratio of 21.93 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings results on Friday, August 7th. The company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$155.14 million during the quarter. Fiera Capital had a net margin of 5.98% and a return on equity of 7.80%. On average, research analysts anticipate that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Fiera Capital Company Profile

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. It invests in the public equity and fixed income markets across the globe with a focus on Canada. The firm primarily invests in growth and value stocks of small-cap companies.