Fiera Capital (TSE:FSZ) Sets New 12-Month High on Analyst Upgrade

Fiera Capital Co. (TSE:FSZ - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday after National Bankshares raised their price target on the stock from C$8.00 to C$8.50. National Bankshares currently has an underperform rating on the stock. Fiera Capital traded as high as C$9.90 and last traded at C$9.90, with a volume of 68324 shares traded. The stock had previously closed at C$9.76.

Several other brokerages have also recently weighed in on FSZ. CIBC reduced their price target on Fiera Capital from C$9.00 to C$8.00 in a research report on Thursday, August 8th. BMO Capital Markets upped their price target on Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday. Scotiabank raised their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. 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. Finally, Desjardins increased their target price on shares of 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 investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat, Fiera Capital has a consensus rating of "Hold" and a consensus price target of C$8.29.

Insider Transactions at Fiera Capital

In other Fiera Capital news, Senior Officer John Valentini sold 122,500 shares of the firm's stock in a transaction 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. In related news, Senior Officer John Valentini sold 122,500 shares of the company's stock in a transaction that occurred 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 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. Over the last quarter, insiders have sold 207,400 shares of company stock worth $1,601,622. Company insiders own 0.86% of the company's stock.

Fiera Capital Stock Up 0.6 %

The firm has a market capitalization of C$861.71 million, a P/E ratio of 18.28, a P/E/G ratio of -0.87 and a beta of 1.64. The company has a fifty day simple moving average of C$8.17 and a 200 day simple moving average of C$7.73. 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 (TSE:FSZ - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.19 by C$0.04. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The firm had revenue of C$164.79 million for the quarter, compared to the consensus estimate of C$160.80 million. On average, equities analysts expect 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.