CIBC Lowers Fiera Capital (TSE:FSZ) Price Target to C$7.25

Fiera Capital (TSE:FSZ) had its target price reduced by analysts at CIBC from C$8.25 to C$7.25 in a report released on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective indicates a potential upside of 3.28% from the company’s previous close.

Several other analysts have also issued reports on the stock. Scotiabank boosted their price objective on shares of Fiera Capital from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. National Bankshares lifted their target price on Fiera Capital from C$6.00 to C$7.50 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Desjardins lifted their target price on Fiera Capital from C$6.50 to C$7.25 and gave the company a “hold” rating in a research report on Thursday, February 29th. BMO Capital Markets downgraded Fiera Capital from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$8.00 to C$8.50 in a research report on Thursday, February 29th. Finally, Royal Bank of Canada lifted their target price on Fiera Capital from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$7.64.

Fiera Capital Stock Up 0.6 %

Shares of FSZ opened at C$7.02 on Friday. The firm has a market cap of C$9.48 million, a P/E ratio of 14.04, a price-to-earnings-growth ratio of -0.87 and a beta of 0.81. Fiera Capital has a 12-month low of C$4.32 and a 12-month high of C$8.75. The company’s 50-day moving average price is C$7.97 and its 200 day moving average price is C$6.59. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 228.52.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.30 by C$0.07. The firm had revenue of C$210.97 million for the quarter, compared to analyst estimates of C$203.10 million. Fiera Capital had a net margin of 8.51% and a return on equity of 19.66%. On average, sell-side analysts forecast that Fiera Capital will post 0.9695122 earnings per share for the current year.

Insider Transactions at Fiera Capital

In related news, Senior Officer John Valentini sold 61,600 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of C$7.88, for a total transaction of C$485,432.64. Corporate insiders own 3.22% of the company’s stock.

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.