CIBC Lowers Fiera Capital (TSE:FSZ) Price Target to C$7.25

Fiera Capital (TSE:FSZ) had its price objective lowered by equities researchers at CIBC from C$8.25 to C$7.25 in a research report issued on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target would suggest a potential upside of 4.17% from the company’s current price.

FSZ has been the subject of a number of other research reports. National Bankshares upped their price target on Fiera Capital from C$6.00 to C$7.50 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Scotiabank increased their target price 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 increased their target price on Fiera Capital from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th. BMO Capital Markets lowered Fiera Capital from an “outperform” rating to a “market perform” rating and increased their target price for the stock from C$8.00 to C$8.50 in a research report on Thursday, February 29th. Finally, TD Securities increased their target price on Fiera Capital from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, Fiera Capital currently has a consensus rating of “Hold” and a consensus price target of C$7.64.

Fiera Capital Price Performance

Shares of FSZ traded down C$0.02 during midday trading on Friday, reaching C$6.96. The stock had a trading volume of 133,335 shares, compared to its average volume of 294,466. The company’s 50-day moving average is C$7.98 and its 200 day moving average is C$6.57. Fiera Capital has a 12-month low of C$4.32 and a 12-month high of C$8.75. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 228.52. The company has a market capitalization of C$9.40 million, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of -0.87 and a beta of 0.81.

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

Insider Buying and Selling at Fiera Capital

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

Fiera Capital Company Profile

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.