Fiera Capital (TSE:FSZ) Reaches New 1-Year High After Analyst Upgrade

Fiera Capital Co. (TSE:FSZ) reached a new 52-week high during mid-day trading on Thursday after Desjardins raised their price target on the stock from C$7.75 to C$9.00. Desjardins currently has a hold rating on the stock. Fiera Capital traded as high as C$9.32 and last traded at C$9.25, with a volume of 117545 shares traded. The stock had previously closed at C$8.98.

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

Insiders Place Their Bets

In other Fiera Capital news, Senior Officer John Valentini sold 28,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$8.57, for a total transaction of C$240,046.80. In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total transaction of C$73,049.00. Also, Senior Officer John Valentini sold 28,000 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$8.57, for a total value of C$240,046.80. Insiders sold 207,400 shares of company stock worth $1,601,622 over the last three months. Insiders own 0.86% of the company’s stock.

Fiera Capital Stock Up 0.8 %

The stock has a market capitalization of C$818.71 million, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. The stock has a 50 day moving average price of C$8.10 and a 200 day moving average price of C$7.70.

Fiera Capital (TSE:FSZ) last posted its earnings results on Wednesday, August 7th. The company reported C$0.23 EPS for the quarter, topping the consensus estimate of C$0.19 by C$0.04. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The business had revenue of C$164.79 million for the quarter, compared to the consensus estimate of C$160.80 million. As a group, analysts forecast that Fiera Capital Co. will post 1.0905563 EPS for the current 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.