Desjardins Issues Pessimistic Forecast for Fiera Capital (TSE:FSZ) Stock Price

Fiera Capital (TSE:FSZ) had its target price cut by analysts at Desjardins from C$6.75 to C$6.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price objective indicates a potential upside of 10.36% from the stock’s previous close.

Fiera Capital Stock Up 3.0%

Shares of FSZ opened at C$5.89 on Tuesday. The firm has a 50 day simple moving average of C$6.08 and a two-hundred day simple moving average of C$6.35. The company has a debt-to-equity ratio of 261.73, a current ratio of 1.31 and a quick ratio of 1.05. Fiera Capital has a one year low of C$5.50 and a one year high of C$7.58. The company has a market cap of C$628.01 million, a P/E ratio of 21.81, a P/E/G ratio of -0.87 and a beta of 1.25.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.23 earnings per share (EPS) for the quarter. Fiera Capital had a return on equity of 21.21% and a net margin of 9.25%.The company had revenue of C$167.09 million for the quarter. Research analysts forecast that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Fiera Capital Company Profile

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. It invests in the public equity and fixed income markets across the globe with a focus on Canada. The firm primarily invests in growth and value stocks of small-cap companies.