Brokerages Set Fiera Capital Co. (TSE:FSZ) PT at C$7.48

Fiera Capital Co. (TSE:FSZ) has been assigned an average recommendation of “Buy” from the one research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$7.43.

FSZ has been the topic of several recent research reports. TD Securities raised their price target on Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 1st. Scotiabank raised their price target on Fiera Capital from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th. Royal Bank of Canada upped their price objective on Fiera Capital from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. BMO Capital Markets downgraded shares of Fiera Capital from an “outperform” rating to a “market perform” rating and increased their price target for the company from C$8.00 to C$8.50 in a research report on Thursday, February 29th. Finally, Desjardins boosted their price objective on shares of Fiera Capital from C$6.50 to C$7.25 and gave the company a “hold” rating in a report on Thursday, February 29th.

Fiera Capital Stock Performance

Shares of TSE:FSZ opened at C$7.43 on Tuesday. The stock has a market capitalization of C$636.68 million, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of -0.87 and a beta of 1.66. The company has a debt-to-equity ratio of 228.52, a current ratio of 1.17 and a quick ratio of 1.05. The business’s fifty day moving average price is C$7.99 and its two-hundred day moving average price is C$6.55. Fiera Capital has a fifty-two week low of C$4.32 and a fifty-two week high of C$8.75.

Fiera Capital (TSE:FSZ) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.07. Fiera Capital had a return on equity of 19.66% and a net margin of 8.51%. The business had revenue of C$210.97 million during the quarter, compared to analysts’ expectations of C$203.10 million. As a group, analysts predict that Fiera Capital will post 0.9695122 EPS for the current fiscal year.

Fiera Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.86 annualized dividend and a yield of 11.57%. Fiera Capital’s dividend payout ratio (DPR) is currently 172.00%.

Insider Activity

In related news, Senior Officer John Valentini sold 61,600 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of C$7.88, for a total transaction of C$485,432.64. Corporate insiders own 3.22% of the company’s stock.

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.