Fiera Capital (TSE:FSZ) Reaches New 12-Month High - Should You Buy?

Fiera Capital Co. (TSE:FSZ - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as C$9.32 and last traded at C$9.25, with a volume of 117545 shares changing hands. The stock had previously closed at C$8.98.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FSZ shares. Scotiabank upped their price objective on Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. CIBC lowered their price target on shares of Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. TD Securities reduced their price objective on shares of Fiera Capital from C$8.00 to C$7.50 in a research note on Thursday, August 8th. National Bankshares lowered shares of Fiera Capital from a "sector perform" rating to an "underperform" rating and upped their target price for the stock from C$7.00 to C$8.00 in a research report on Monday, July 29th. Finally, Desjardins lifted their price target on shares of Fiera Capital from C$7.75 to C$9.00 and gave the company a "hold" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$8.14.

Fiera Capital Stock Up 3.1 %

The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56. The firm has a market capitalization of C$812.57 million, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The firm has a 50 day moving average price of C$8.04 and a two-hundred day moving average price of C$7.69.

Fiera Capital (TSE:FSZ - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 EPS for the quarter, topping analysts' consensus estimates of C$0.19 by C$0.04. The firm had revenue of C$164.79 million for 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 analysts expect that Fiera Capital Co. will post 1.0905563 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 on Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total transaction of C$913,347.75. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of Fiera Capital stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total value of C$73,049.00. Insiders have sold 207,400 shares of company stock worth $1,601,622 over the last ninety days. 0.86% of the stock is owned by insiders.

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.