FY2019 Earnings Forecast for Fiera Capital Corp Issued By Desjardins (FSZ)

Fiera Capital Corp (TSE:FSZ) – Equities researchers at Desjardins issued their FY2019 earnings per share estimates for shares of Fiera Capital in a research note issued on Tuesday. Desjardins analyst G. Ho forecasts that the company will post earnings of $1.45 per share for the year. Desjardins has a “Buy” rating on the stock.

Fiera Capital (TSE:FSZ) last announced its earnings results on Friday, November 10th. The company reported C$0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.24 by C$0.08. Fiera Capital had a net margin of 4.45% and a return on equity of 3.43%.

Several other equities research analysts also recently weighed in on FSZ. Scotiabank raised their target price on shares of Fiera Capital from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, December 4th. CIBC lowered their target price on shares of Fiera Capital from C$17.50 to C$16.50 in a research note on Monday, November 13th. Canaccord Genuity lowered their target price on shares of Fiera Capital from C$17.00 to C$16.50 and set a “buy” rating for the company in a research note on Monday, November 13th. TD Securities lowered their target price on shares of Fiera Capital from C$16.50 to C$16.00 and set a “buy” rating for the company in a research note on Monday, November 13th. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$15.00 target price on shares of Fiera Capital in a research note on Friday, December 22nd. Seven research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of C$16.14.

Shares of Fiera Capital (TSE:FSZ) traded down C$0.07 on Thursday, reaching C$12.87. 35,510 shares of the company’s stock traded hands, compared to its average volume of 87,396. The firm has a market capitalization of $906.62, a P/E ratio of 76.12 and a beta of 1.12. Fiera Capital has a 52 week low of C$12.43 and a 52 week high of C$15.20.

In other Fiera Capital news, insider Fiera Capital S.E.C. sold 28,634 shares of the firm’s stock in a transaction on Thursday, November 23rd. The shares were sold at an average price of C$13.21, for a total value of C$378,255.14. In the last ninety days, insiders sold 110,034 shares of company stock valued at $1,476,415.

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About Fiera Capital

Fiera Capital Corp is a Canada-based independent, full-service, multi-product investment company. It provides investment advisory and related services to institutional investors, private wealth clients and retail investors. It operates through investment management services segment in Canada and the United States.

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