Fiera Capital (TSE:FSZ) Sets New 1-Year High Following Analyst Upgrade

Fiera Capital Co. (TSE:FSZ)’s share price hit a new 52-week high during trading on Wednesday after BMO Capital Markets raised their price target on the stock from C$8.50 to C$9.00. The company traded as high as C$9.90 and last traded at C$9.90, with a volume of 68324 shares changing hands. The stock had previously closed at C$9.76.

Other research analysts also recently issued reports about the company. National Bankshares downgraded Fiera Capital from a “sector perform” rating to an “underperform” rating and lifted their price objective for the stock from C$7.00 to C$8.00 in a research report on Monday, July 29th. CIBC reduced their price target on shares of Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. Scotiabank increased their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. Desjardins upped their price target on shares of Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Finally, TD Securities cut their price objective on Fiera Capital from C$8.00 to C$7.50 in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, Fiera Capital has an average rating of “Hold” and an average target price of C$8.21.

Insider Transactions at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of Fiera Capital stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. Also, Senior Officer John Valentini sold 10,400 shares of Fiera Capital stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$7.90, for a total transaction of C$82,164.16. Over the last ninety days, insiders have sold 207,400 shares of company stock valued at $1,601,622. 0.86% of the stock is currently owned by insiders.

Fiera Capital Stock Up 0.8 %

The stock has a market cap of C$863.46 million, a PE ratio of 18.07, a P/E/G ratio of -0.87 and a beta of 1.64. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05. The business has a 50 day simple moving average of C$8.17 and a 200 day simple moving average of C$7.73.

Fiera Capital (TSE:FSZ) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.19 by C$0.04. The business had revenue of C$164.79 million during the quarter, compared to analyst estimates of C$160.80 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. On average, equities research analysts forecast that Fiera Capital Co. will post 1.0905563 EPS for the current fiscal year.

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.