CIBC Cuts Fiera Capital (TSE:FSZ) Price Target to C$9.00

Fiera Capital (TSE:FSZ) had its price target reduced by equities research analysts at CIBC from C$11.00 to C$9.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential upside of 13.21% from the company’s previous close.

A number of other brokerages also recently issued reports on FSZ. Scotiabank reduced their price objective on shares of Fiera Capital from C$10.50 to C$10.00 in a research report on Thursday. TD Securities upped their price objective on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Desjardins boosted their price target on shares of Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. National Bankshares lifted their price objective on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets decreased their price target on shares of Fiera Capital from C$10.00 to C$9.00 in a research note on Thursday. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Fiera Capital presently has an average rating of “Hold” and an average target price of C$8.93.

Fiera Capital Stock Up 1.4 %

Shares of TSE FSZ traded up C$0.11 during mid-day trading on Thursday, reaching C$7.95. 52,131 shares of the company’s stock traded hands, compared to its average volume of 176,962. The stock has a market cap of C$697.61 million, a P/E ratio of 14.72, a PEG ratio of -0.87 and a beta of 1.64. Fiera Capital has a 1-year low of C$6.58 and a 1-year high of C$10.92. The business has a 50-day simple moving average of C$9.00 and a 200 day simple moving average of C$8.64. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.19 by C$0.06. The business had revenue of C$171.71 million during the quarter, compared to the consensus estimate of C$163.10 million. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. On average, analysts expect that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Insider Activity at Fiera Capital

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of Fiera Capital stock in a transaction that occurred 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. 0.86% of the stock is currently owned by company insiders.

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.