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

Fiera Capital Co. (TSE:FSZGet Rating) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$11.07.

A number of analysts recently weighed in on FSZ shares. Scotiabank decreased their price target on Fiera Capital from C$11.50 to C$10.50 in a research note on Wednesday, April 20th. CIBC reduced their target price on Fiera Capital from C$11.00 to C$10.50 and set a “neutral” rating for the company in a report on Friday, May 6th. National Bankshares reduced their target price on Fiera Capital from C$11.50 to C$11.00 and set a “sector perform” rating for the company in a report on Thursday, April 21st. Finally, TD Securities raised Fiera Capital from a “hold” rating to a “buy” rating and raised their target price for the company from C$11.00 to C$12.00 in a report on Monday, February 28th.

Shares of Fiera Capital stock traded up C$0.04 during trading hours on Friday, hitting C$8.98. 222,201 shares of the company were exchanged, compared to its average volume of 350,388. The company has a current ratio of 1.24, a quick ratio of 1.14 and a debt-to-equity ratio of 195.92. The business has a 50-day moving average of C$9.68 and a 200-day moving average of C$10.11. Fiera Capital has a 1 year low of C$8.84 and a 1 year high of C$11.75. The stock has a market capitalization of C$920.62 million and a price-to-earnings ratio of 17.34.

Fiera Capital (TSE:FSZGet Rating) last released its earnings results on Wednesday, May 4th. The company reported C$0.32 EPS for the quarter, hitting the consensus estimate of C$0.32. The firm had revenue of C$172.34 million during the quarter. As a group, research analysts anticipate that Fiera Capital will post 1.4199999 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 13th. Stockholders of record on Monday, May 16th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 9.58%. The ex-dividend date was Friday, May 13th. Fiera Capital’s dividend payout ratio (DPR) is presently 164.09%.

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

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.

Further Reading

Analyst Recommendations for Fiera Capital (TSE:FSZ)

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