Fiera Capital (TSE:FSZ) Sets New 12-Month Low – What’s Next?

Fiera Capital Co. (TSE:FSZ)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as C$6.35 and last traded at C$6.52, with a volume of 1581806 shares traded. The stock had previously closed at C$7.34.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FSZ. National Bankshares boosted their price objective on Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets lowered their price target on Fiera Capital from C$10.00 to C$9.00 in a report on Thursday, January 30th. CIBC lowered their price target on Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. TD Securities upped their price target on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, Scotiabank lowered their price target on Fiera Capital from C$10.50 to C$10.00 in a report on Thursday, January 30th. Two 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, the stock has a consensus rating of “Hold” and an average target price of C$8.93.

Fiera Capital Stock Performance

The company has a debt-to-equity ratio of 261.73, a current ratio of 1.31 and a quick ratio of 1.05. The stock has a 50 day simple moving average of C$8.16 and a two-hundred day simple moving average of C$8.51. The company has a market cap of C$705.11 million, a PE ratio of 10.93, a PEG ratio of -0.87 and a beta of 1.64.

Insider Transactions at Fiera Capital

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the company’s 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. 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.