Royal Bank Of Canada Upgrades Fiera Capital (TSE:FSZ) to Sector Perform

Fiera Capital (TSE:FSZ) was upgraded by equities researchers at Royal Bank Of Canada from an “underperform” rating to a “sector perform” rating in a note issued to investors on Friday, BayStreet reports. The firm currently has a C$3.25 price objective on the stock, down from their prior price objective of C$4.70. Royal Bank Of Canada’s target price points to a potential downside of 2.40% from the company’s current price.

FSZ has been the topic of a number of other reports. RBC Dominion Securities cut their target price on Fiera Capital from C$5.00 to C$4.70 and set a “sector perform” rating on the stock in a research report on Thursday. Desjardins reduced their price objective on shares of Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating for the company in a research note on Monday, August 10th. National Bank Financial decreased their target price on shares of Fiera Capital from C$5.50 to C$5.00 and set a “sector perform” rating for the company in a report on Monday, August 10th. Finally, TD dropped their target price on shares of Fiera Capital from C$5.50 to C$5.00 and set a “hold” rating on the stock in a research report on Monday, August 10th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Fiera Capital currently has an average rating of “Hold” and a consensus price target of C$3.33.

Fiera Capital Price Performance

Shares of FSZ traded down C$0.02 during mid-day trading on Friday, hitting C$3.33. The company’s stock had a trading volume of 888,383 shares, compared to its average volume of 343,293. The firm has a 50-day moving average price of C$4.30 and a 200 day moving average price of C$4.98. The stock has a market capitalization of C$352.75 million, a price-to-earnings ratio of 18.50, a PEG ratio of -0.87 and a beta of 1.03. The company has a debt-to-equity ratio of 350.73, a current ratio of 1.55 and a quick ratio of 1.05. Fiera Capital has a fifty-two week low of C$3.16 and a fifty-two week high of C$6.74.

Fiera Capital (TSE:FSZ) last released its earnings results on Friday, August 7th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$155.14 million during the quarter. Fiera Capital had a net margin of 5.93% and a return on equity of 7.95%. On average, research analysts predict that Fiera Capital will post 1.09 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.