Desjardins Raises Fiera Capital (TSE:FSZ) Price Target to C$9.00

Fiera Capital (TSE:FSZ - Free Report) had its target price raised by Desjardins from C$7.75 to C$9.00 in a report released on Thursday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Other research analysts have also recently issued research reports about the stock. National Bank Financial cut shares of Fiera Capital from a "hold" rating to a "strong sell" rating in a report on Sunday, July 28th. CIBC lowered their price objective on Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. Scotiabank lifted their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. National Bankshares cut shares of Fiera Capital from a "sector perform" rating to an "underperform" rating and upped their price target for the company from C$7.00 to C$8.00 in a research report on Monday, July 29th. Finally, TD Securities dropped their price target on shares of Fiera Capital from C$8.00 to C$7.50 in a research note on Thursday, August 8th. Two equities 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 presently has an average rating of "Hold" and a consensus price target of C$8.14.

Fiera Capital Price Performance

Shares of TSE FSZ traded up C$0.28 during mid-day trading on Thursday, reaching C$9.26. The company had a trading volume of 395,597 shares, compared to its average volume of 275,484. Fiera Capital has a one year low of C$4.32 and a one year high of C$9.32. The business's 50-day simple moving average is C$8.07 and its 200 day simple moving average is C$7.69. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. The firm has a market cap of C$812.57 million, a price-to-earnings ratio of 17.15, a PEG ratio of -0.87 and a beta of 1.64.

Fiera Capital (TSE:FSZ - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported C$0.23 EPS for the quarter, beating the consensus estimate of C$0.19 by C$0.04. The company had revenue of C$164.79 million during the quarter, compared to analysts' expectations of C$160.80 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. On average, research analysts predict that Fiera Capital will post 1.0905563 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business's 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. In other Fiera Capital 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 stock was sold at an average price of C$7.30, for a total value of C$73,049.00. Also, Senior Officer John Valentini sold 10,400 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$7.90, for a total value of C$82,164.16. In the last ninety days, insiders sold 207,400 shares of company stock worth $1,601,622. Company insiders own 0.86% of the company's stock.

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.