Fiera Capital (TSE:FSZ) Given New C$10.00 Price Target at Scotiabank

Fiera Capital (TSE:FSZ - Get Free Report) had its price objective reduced by Scotiabank from C$10.50 to C$10.00 in a report released on Thursday,BayStreet.CA reports. Scotiabank's target price would suggest a potential upside of 27.39% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. CIBC upped their price objective on shares of Fiera Capital from C$9.50 to C$11.00 in a research note on Friday, November 8th. National Bankshares boosted their target price on Fiera Capital from C$8.00 to C$8.50 and gave the stock an "underperform" rating in a report on Wednesday, October 30th. TD Securities increased 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, Desjardins boosted their price objective on Fiera Capital from C$7.75 to C$9.00 and gave the stock a "hold" rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, Fiera Capital currently has an average rating of "Hold" and an average target price of C$8.93.

Fiera Capital Price Performance

Shares of TSE FSZ traded down C$0.12 during trading on Thursday, hitting C$7.85. The company had a trading volume of 256,920 shares, compared to its average volume of 185,980. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. Fiera Capital has a fifty-two week low of C$6.58 and a fifty-two week high of C$10.92. The firm has a market capitalization of C$688.84 million, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The stock has a fifty day simple moving average of C$8.97 and a two-hundred day simple moving average of C$8.64.

Fiera Capital (TSE:FSZ - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported C$0.25 EPS for the quarter, beating analysts' consensus estimates of C$0.19 by C$0.06. The business had revenue of C$171.71 million during the quarter, compared to analysts' expectations of C$163.10 million. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. On average, research analysts expect that Fiera Capital will post 1.0905563 earnings per share for the current year.

Insider Activity

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$8.89, for a total value of C$93,028.60. 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.