Fiera Capital (TSE:FSZ) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Fiera Capital Co. (TSE:FSZ)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.77 and traded as low as C$5.24. Fiera Capital shares last traded at C$5.32, with a volume of 319,705 shares trading hands.

Analysts Set New Price Targets

FSZ has been the topic of several recent analyst reports. TD Securities cut their price objective on Fiera Capital from C$6.50 to C$6.00 and set a “hold” rating on the stock in a report on Friday, February 27th. Royal Bank Of Canada set a C$6.00 target price on shares of Fiera Capital and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. Desjardins cut their price target on shares of Fiera Capital from C$6.50 to C$6.25 and set a “hold” rating on the stock in a report on Monday, April 27th. Finally, National Bank Financial reduced their price target on shares of Fiera Capital from C$7.00 to C$6.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Moderate Buy rating, According to MarketBeat.com, Fiera Capital has a consensus rating of “Moderate Buy” and an average target price of C$5.32.

Fiera Capital Trading Up 1.9%

The company has a debt-to-equity ratio of 344.23, a quick ratio of 1.05 and a current ratio of 21.93. The stock has a market cap of C$564.27 million, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of -0.87 and a beta of 1.12. The company’s 50 day simple moving average is C$5.50 and its two-hundred day simple moving average is C$5.77.

Fiera Capital (TSE:FSZ) last issued its earnings results on Friday, May 8th. The company reported C$0.21 earnings per share (EPS) for the quarter. Fiera Capital had a net margin of 5.98% and a return on equity of 7.80%. The company had revenue of C$153.31 million during the quarter. Research analysts expect that Fiera Capital Co. 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.