Fiera Capital Corp Upgraded to “Outperform” by Scotiabank (FSZ)
Fiera Capital Corp (TSE:FSZ) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a report issued on Thursday. The firm currently has a C$14.00 price objective on the stock. Scotiabank’s target price would suggest a potential upside of 14.10% from the stock’s previous close.
Separately, analysts at Canaccord Genuity cut their price target on shares of Fiera Capital Corp from C$16.25 to C$15.50 in a research note on Thursday. They now have a “buy” rating on the stock.
Fiera Capital Corp (TSE:FSZ) traded up 4.28% during mid-day trading on Thursday, hitting $12.67. The stock had a trading volume of 100,025 shares. Fiera Capital Corp has a 52-week low of $10.95 and a 52-week high of $15.67. The stock’s 50-day moving average is $12.51 and its 200-day moving average is $13.29. The company has a market cap of $854.5 million and a price-to-earnings ratio of 45.00.
Fiera Capital Corp (TSE:FSZ) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.03. Analysts expect that Fiera Capital Corp will post $0.85 EPS for the current fiscal year.
The company also recently announced a Quarterly dividend, which is scheduled for Monday, September 22nd. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.12 per share. This represents a dividend yield of 3.95%. The ex-dividend date is Thursday, August 21st.
Fiera Capital Corp., formerly Fiera Sceptre Inc, is an independent, full-service, multi-product investment firm, providing investment advisory and related services.
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