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

Fiera Capital (TSE:FSZ - Free Report) had its target price upped by BMO Capital Markets from C$8.50 to C$9.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the stock. National Bank Financial cut shares of Fiera Capital from a "hold" rating to a "strong sell" rating in a research report on Sunday, July 28th. Scotiabank increased their price objective on Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. National Bankshares lowered shares of Fiera Capital from a "sector perform" rating to an "underperform" rating and boosted their price objective for the company from C$7.00 to C$8.00 in a report on Monday, July 29th. TD Securities decreased their price target on Fiera Capital from C$8.00 to C$7.50 in a research note on Thursday, August 8th. Finally, CIBC cut their price target on shares of Fiera Capital from C$9.00 to C$8.00 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of C$8.21.

Fiera Capital Price Performance

Fiera Capital stock traded down C$0.02 during trading on Tuesday, reaching C$9.76. The company had a trading volume of 427,933 shares, compared to its average volume of 280,415. 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's 50-day simple moving average is C$8.14 and its 200 day simple moving average is C$7.71. The firm has a market capitalization of C$856.44 million, a PE ratio of 17.96, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. Fiera Capital has a 1-year low of C$4.56 and a 1-year high of C$9.87.

Fiera Capital (TSE:FSZ - Get Free Report) last posted its quarterly earnings data 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 company had revenue of C$164.79 million during the quarter, compared to analyst estimates of C$160.80 million. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. As a group, equities research analysts anticipate that Fiera Capital will post 1.0905563 earnings per share for the current fiscal year.

Insider Activity at Fiera Capital

In related news, 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. In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the 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 28,000 shares of the firm's stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$8.57, for a total transaction of C$240,046.80. Insiders sold 207,400 shares of company stock valued at $1,601,622 over the last three months. 0.86% of the stock is owned by corporate 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.