Fiera Capital (TSE:FSZ) Sets New 12-Month High - What's Next?

Fiera Capital Co. (TSE:FSZ - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$10.14 and last traded at C$10.08, with a volume of 117187 shares trading hands. The stock had previously closed at C$9.82.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. CIBC decreased their target price on shares of Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. National Bank Financial downgraded shares of Fiera Capital from a "hold" rating to a "strong sell" rating in a research report on Sunday, July 28th. Scotiabank boosted their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. TD Securities decreased their price objective on shares of Fiera Capital from C$8.00 to C$7.50 in a report on Thursday, August 8th. Finally, National Bankshares upped their price objective on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an "underperform" rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$8.29.

Fiera Capital Trading Up 11.0 %

The stock has a market cap of C$956.48 million, a P/E ratio of 20.19, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The business's fifty day simple moving average is C$8.50 and its 200 day simple moving average is C$7.83. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56.

Fiera Capital (TSE:FSZ - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C$0.23 EPS for the quarter, topping the consensus estimate of C$0.19 by C$0.04. The firm had revenue of C$164.79 million for the quarter, compared to the consensus estimate of C$160.80 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. As a group, analysts expect that Fiera Capital Co. will post 1.0905563 EPS for the current year.

Insiders Place Their Bets

In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of Fiera Capital stock in a transaction that occurred 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 news, Senior Officer John Valentini sold 122,500 shares of Fiera Capital stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total value of C$913,347.75. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of Fiera Capital stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total transaction of C$73,049.00. In the last three months, insiders have sold 207,400 shares of company stock worth $1,601,622. 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.