Fiera Capital Co. (TSE:FSZ) Receives Consensus Rating of “Hold” from Analysts

Shares of Fiera Capital Co. (TSE:FSZGet Rating) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$11.07.

A number of equities research analysts have issued reports on the stock. Scotiabank lowered their target price on shares of Fiera Capital from C$11.50 to C$10.50 in a report on Wednesday, April 20th. National Bankshares decreased their price target on shares of Fiera Capital from C$11.50 to C$11.00 and set a “sector perform” rating on the stock in a report on Thursday, April 21st. Barclays decreased their price target on shares of Fiera Capital from C$11.00 to C$10.00 and set an “equal wight” rating on the stock in a report on Wednesday, January 26th. TD Securities raised shares of Fiera Capital from a “hold” rating to a “buy” rating and upped their price target for the stock from C$11.00 to C$12.00 in a report on Monday, February 28th. Finally, CIBC decreased their price target on shares of Fiera Capital from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a report on Friday, May 6th.

In other news, insider FIERA CAPITAL S.E.C. sold 23,615 shares of the stock in a transaction dated Monday, March 28th. The shares were sold at an average price of C$10.40, for a total transaction of C$245,598.36. Following the completion of the sale, the insider now directly owns 4,239,935 shares in the company, valued at C$44,095,747.99.

Shares of TSE FSZ traded down C$0.02 during midday trading on Tuesday, reaching C$9.25. The company’s stock had a trading volume of 56,814 shares, compared to its average volume of 379,130. Fiera Capital has a 12-month low of C$8.84 and a 12-month high of C$11.75. The firm has a 50 day moving average price of C$10.01 and a 200-day moving average price of C$10.29. The stock has a market capitalization of C$948.30 million and a P/E ratio of 17.95. The company has a debt-to-equity ratio of 195.92, a current ratio of 1.24 and a quick ratio of 1.14.

Fiera Capital (TSE:FSZGet Rating) last posted its quarterly earnings data on Friday, February 25th. The company reported C$0.58 EPS for the quarter, beating the consensus estimate of C$0.42 by C$0.16. The firm had revenue of C$241.93 million during the quarter, compared to analysts’ expectations of C$206.60 million. On average, equities analysts predict that Fiera Capital will post 1.4199999 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 13th. Shareholders of record on Monday, May 16th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, May 13th. This represents a $0.86 annualized dividend and a yield of 9.30%. Fiera Capital’s payout ratio is 164.09%.

About Fiera Capital (Get Rating)

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.

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Analyst Recommendations for Fiera Capital (TSE:FSZ)

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