TD Securities Lowers Fiera Capital (TSE:FSZ) Price Target to C$6.50

Fiera Capital (TSE:FSZ) had its target price reduced by research analysts at TD Securities from C$7.00 to C$6.50 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential upside of 13.24% from the stock’s previous close.

Several other brokerages also recently issued reports on FSZ. Desjardins cut their price target on Fiera Capital from C$6.75 to C$6.50 and set a “hold” rating for the company in a report on Tuesday. National Bankshares cut their target price on shares of Fiera Capital from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research note on Wednesday.

Fiera Capital Trading Down 0.2%

Fiera Capital stock opened at C$5.74 on Thursday. The stock has a 50-day simple moving average of C$6.06 and a 200 day simple moving average of C$6.34. The stock has a market capitalization of C$612.02 million, a P/E ratio of 21.26, a PEG ratio of -0.87 and a beta of 1.25. The company has a debt-to-equity ratio of 261.73, a quick ratio of 1.05 and a current ratio of 1.31. Fiera Capital has a 52 week low of C$5.50 and a 52 week high of C$7.57.

Fiera Capital (TSE:FSZ) last released its quarterly earnings data 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 firm had revenue of C$167.09 million for the quarter. Analysts expect that Fiera Capital will post 1.0905563 earnings per share for the current 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.