Fiera Capital (TSE:FSZ) Reaches New 1-Year Low Following Analyst Downgrade

Fiera Capital Co. (TSE:FSZ)’s share price reached a new 52-week low during mid-day trading on Friday after Royal Bank Of Canada lowered their price target on the stock from C$3.25 to C$2.50. Royal Bank Of Canada currently has an underperform rating on the stock. Fiera Capital traded as low as C$2.16 and last traded at C$2.37, with a volume of 582,468 shares trading hands. The stock had previously closed at C$2.23.

Other equities research analysts have also issued reports about the company. Scotia reduced their price objective on Fiera Capital from C$5.75 to C$4.25 and set a “sector perform” rating for the company in a research note on Monday, October 26th. TD lowered their target price on Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating on the stock in a research report on Monday, August 10th. Desjardins cut their price target on Fiera Capital from C$4.00 to C$3.00 and set a “hold” rating for the company in a report on Tuesday, October 20th. National Bank Financial cut their price target on Fiera Capital from C$3.25 to C$2.75 and set a “sector perform” rating for the company in a report on Thursday. Finally, RBC Dominion Securities reduced their price target on Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$2.37.

Fiera Capital Stock Performance

The business’s fifty day moving average is C$3.65 and its two-hundred day moving average is C$4.92. The company has a quick ratio of 1.05, a current ratio of 1.55 and a debt-to-equity ratio of 350.73. The stock has a market capitalization of C$251.06 million, a PE ratio of 13.17, a price-to-earnings-growth ratio of -0.87 and a beta of 0.70.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings data on Wednesday, November 11th. The company reported C$0.19 earnings per share for the quarter. Fiera Capital had a return on equity of 7.95% and a net margin of 5.93%. The company had revenue of C$150.36 million for the quarter. As a group, research analysts anticipate that Fiera Capital Co. will post 1.09 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.