Fiera Capital (TSE:FSZ) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of Fiera Capital Co. (TSE:FSZ) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.81 and traded as low as C$5.45. Fiera Capital shares last traded at C$5.51, with a volume of 295,361 shares.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FSZ shares. National Bank Financial lowered their price target on Fiera Capital from C$7.00 to C$6.00 and set a “sector perform” rating for the company in a report on Tuesday, May 12th. Desjardins decreased their price objective on Fiera Capital from C$6.50 to C$6.25 and set a “hold” rating for the company in a research report on Monday, April 27th. Royal Bank Of Canada set a C$6.00 target price on Fiera Capital and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. Finally, TD Securities dropped their target price on shares of 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. One analyst has rated the stock with a Moderate Buy rating, According to data from MarketBeat.com, Fiera Capital presently has an average rating of “Moderate Buy” and an average price target of C$5.45.

Fiera Capital Stock Performance

The firm has a market cap of C$578.05 million, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of -0.87 and a beta of 1.12. The stock has a 50-day moving average of C$5.49 and a 200-day moving average of C$5.80. The company has a debt-to-equity ratio of 344.23, a quick ratio of 1.05 and a current ratio of 21.93.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings results on Friday, May 8th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$153.31 million during the quarter. Fiera Capital had a net margin of 5.98% and a return on equity of 7.80%. As a group, analysts anticipate that Fiera Capital Co. will post 1.0905563 EPS for the current fiscal year.

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. 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.