Fiera Capital (TSE:FSZ) Price Target Lowered to C$9.00 at BMO Capital Markets

Fiera Capital (TSE:FSZ - Get Free Report) had its price target decreased by analysts at BMO Capital Markets from C$10.00 to C$9.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets' price objective would indicate a potential upside of 14.65% from the stock's previous close.

FSZ has been the subject of a number of other research reports. CIBC boosted their target price on shares of Fiera Capital from C$9.50 to C$11.00 in a research note on Friday, November 8th. National Bankshares upped their price target on Fiera Capital from C$8.00 to C$8.50 and gave the company an "underperform" rating in a report on Wednesday, October 30th. Desjardins raised their price objective on shares of Fiera Capital from C$7.75 to C$9.00 and gave the stock a "hold" rating in a report on Thursday, October 24th. TD Securities increased their target price on shares of Fiera Capital from C$9.00 to C$10.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Finally, Scotiabank reduced their price target on shares of Fiera Capital from C$10.50 to C$10.00 in a research report on Thursday. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of C$8.93.

Fiera Capital Stock Down 1.5 %

TSE FSZ traded down C$0.12 during trading hours on Thursday, hitting C$7.85. 256,920 shares of the company were exchanged, 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. The firm has a market cap of C$688.84 million, a price-to-earnings ratio of 14.54, a PEG ratio of -0.87 and a beta of 1.64. The company has a 50 day moving average of C$8.97 and a two-hundred day moving average of C$8.64. Fiera Capital has a 52-week low of C$6.58 and a 52-week high of C$10.92.

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

Insiders Place Their Bets

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the 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. 0.86% of the stock is owned by insiders.

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.