Fiera Capital (TSE:FSZ) Price Target Raised to C$9.00

Fiera Capital (TSE:FSZ) had its target price boosted by Desjardins from C$7.75 to C$9.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have a hold rating on the stock. Desjardins also issued estimates for Fiera Capital’s Q4 2024 earnings at $0.33 EPS and FY2026 earnings at $1.17 EPS.

A number of other brokerages have also recently issued reports on FSZ. CIBC lowered their target price on Fiera Capital from C$9.00 to C$8.00 in a report on Thursday, August 8th. Scotiabank raised their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. National Bank Financial downgraded shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research report on Sunday, July 28th. TD Securities decreased their price target on shares of Fiera Capital from C$8.00 to C$7.50 in a research report on Thursday, August 8th. Finally, National Bankshares lowered shares of Fiera Capital from a “sector perform” rating to an “underperform” rating and lifted their price target for the stock from C$7.00 to C$8.00 in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Fiera Capital presently has an average rating of “Hold” and an average price target of C$8.14.

Fiera Capital Trading Up 0.8 %

FSZ opened at C$9.33 on Thursday. The company’s 50 day moving average is C$8.10 and its 200-day moving average is C$7.70. The company has a market cap of C$818.71 million, a P/E ratio of 17.28, a PEG ratio of -0.87 and a beta of 1.64. Fiera Capital has a 1-year low of C$4.35 and a 1-year high of C$9.35. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56.

Fiera Capital (TSE:FSZ) last posted its earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.04. The firm had revenue of C$164.79 million for the quarter, compared to analysts’ expectations of C$160.80 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. Equities research analysts predict that Fiera Capital will post 1.0905563 earnings per share for the current fiscal year.

Insider Transactions at Fiera Capital

In other Fiera Capital news, Senior Officer John Valentini sold 122,500 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total transaction of C$913,347.75. In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total value of C$73,049.00. Also, Senior Officer John Valentini sold 122,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total transaction of C$913,347.75. Insiders sold a total of 207,400 shares of company stock worth $1,601,622 over the last three months. 0.86% of the stock is owned by company insiders.

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.