Fiera Capital (TSE:FSZ) Price Target Raised to C$8.50

Fiera Capital (TSE:FSZ - Free Report) had its price target boosted by National Bankshares from C$8.00 to C$8.50 in a report issued on Wednesday, BayStreet.CA reports. They currently have an underperform rating on the stock.

A number of other research firms have also weighed in on FSZ. TD Securities lowered their target price on shares of Fiera Capital from C$8.00 to C$7.50 in a report on Thursday, August 8th. National Bank Financial cut shares of Fiera Capital from a "hold" rating to a "strong sell" rating in a research note on Sunday, July 28th. 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. Desjardins increased their target price on shares of Fiera Capital from C$7.75 to C$9.00 and gave the company a "hold" rating in a report on Thursday, October 24th. Finally, BMO Capital Markets raised their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, Fiera Capital presently has an average rating of "Hold" and an average target price of C$8.29.

Fiera Capital Price Performance

FSZ traded up C$0.06 during trading on Wednesday, hitting C$9.82. 376,041 shares of the stock traded hands, compared to its average volume of 280,873. The business has a 50 day moving average price of C$8.21 and a 200 day moving average price of C$7.74. The company has a market cap of C$861.71 million, a price-to-earnings ratio of 18.19, a PEG ratio of -0.87 and a beta of 1.64. Fiera Capital has a twelve month low of C$4.63 and a twelve month high of C$9.90. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 earnings per share 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 company had revenue of C$164.79 million for the quarter, compared to analysts' expectations of C$160.80 million. Equities research analysts forecast that Fiera Capital will post 1.0905563 earnings per share for the current fiscal year.

Insider Transactions at Fiera Capital

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 stock was sold at an average price of C$7.30, for a total value of C$73,049.00. In other 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 shares were 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 on Friday, October 4th. The shares were sold at an average price of C$8.57, for a total transaction of C$240,046.80. Insiders have sold 207,400 shares of company stock worth $1,601,622 over the last quarter. 0.86% of the stock is currently owned by 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.