Fiera Capital (TSE:FSZ) Hits New 52-Week Low After Analyst Downgrade

Fiera Capital Co. (TSE:FSZ) shares hit a new 52-week low during mid-day trading on Thursday after Desjardins lowered their price target on the stock from C$9.00 to C$7.25. Desjardins currently has a hold rating on the stock. Fiera Capital traded as low as C$6.35 and last traded at C$6.52, with a volume of 1581806 shares changing hands. The stock had previously closed at C$7.34.

A number of other equities research analysts have also recently weighed in on the stock. TD Securities dropped their price target on shares of Fiera Capital from C$8.50 to C$6.50 and set a “hold” rating for the company in a research report on Thursday. CIBC dropped their target price on shares of Fiera Capital from C$9.00 to C$6.75 and set a “neutral” rating for the company in a report on Thursday. Scotiabank dropped their price objective on Fiera Capital from C$10.00 to C$8.75 and set a “sector perform” rating for the company in a research note on Thursday. BMO Capital Markets dropped their price objective on Fiera Capital from C$10.00 to C$9.00 in a research note on Thursday, January 30th. Finally, National Bankshares raised Fiera Capital from an “underperform” rating to a “sector perform” rating and dropped their target price for the company from C$8.50 to C$7.00 in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$7.54.

Insider Activity

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total value of C$93,028.60. Company insiders own 0.86% of the company’s stock.

Fiera Capital Trading Up 1.1 %

The company has a current ratio of 1.31, a quick ratio of 1.05 and a debt-to-equity ratio of 261.73. The company has a market cap of C$699.70 million, a PE ratio of 10.85, a P/E/G ratio of -0.87 and a beta of 1.64. The business’s 50-day simple moving average is C$8.06 and its 200-day simple moving average is C$8.50.

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.