Fiera Capital (TSE:FSZ) Shares Pass Above 200 Day Moving Average of $8.97

Fiera Capital Co. (TSE:FSZGet Rating)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.97 and traded as high as C$9.39. Fiera Capital shares last traded at C$9.39, with a volume of 242,485 shares.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. CIBC dropped their price target on Fiera Capital from C$10.50 to C$9.00 in a research note on Monday, October 24th. Barclays dropped their price target on Fiera Capital from C$10.00 to C$9.50 in a research note on Wednesday, November 2nd. Royal Bank of Canada dropped their price target on Fiera Capital from C$11.00 to C$10.00 in a research note on Monday, October 24th. Finally, Scotiabank boosted their price target on Fiera Capital from C$10.00 to C$11.00 in a research note on Monday, October 31st. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$10.08.

Fiera Capital Price Performance

The company has a quick ratio of 1.05, a current ratio of 1.27 and a debt-to-equity ratio of 207.52. The business has a 50-day moving average price of C$8.78 and a two-hundred day moving average price of C$8.97. The company has a market capitalization of C$963.79 million and a price-to-earnings ratio of 17.07.

Fiera Capital (TSE:FSZGet Rating) last issued its earnings results on Wednesday, November 9th. The company reported C$0.23 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.01). The firm had revenue of C$160.55 million during the quarter, compared to the consensus estimate of C$157.40 million. As a group, research analysts anticipate that Fiera Capital Co. will post 1.21 EPS for the current year.

Fiera Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 19th. Stockholders of record on Monday, November 21st were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 9.16%. The ex-dividend date was Friday, November 18th. Fiera Capital’s payout ratio is 156.36%.

Fiera Capital Company Profile

(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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