CIBC Boosts Fiera Capital (TSE:FSZ) Price Target to C$9.50

Fiera Capital (TSE:FSZGet Rating) had its price target lifted by CIBC from C$9.00 to C$9.50 in a research note published on Tuesday morning, BayStreet.CA reports.

FSZ has been the topic of several other reports. Barclays decreased their price target on shares of Fiera Capital from C$10.00 to C$9.50 in a research note on Wednesday, November 2nd. Royal Bank of Canada reduced their price objective on shares of Fiera Capital from C$11.00 to C$10.00 in a research note on Monday, October 24th. Finally, Scotiabank increased their price objective on shares of 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, According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of C$10.17.

Fiera Capital Trading Up 2.7 %

FSZ stock opened at C$9.61 on Tuesday. The company has a debt-to-equity ratio of 207.52, a quick ratio of 1.05 and a current ratio of 1.27. The company’s 50-day simple moving average is C$8.79 and its 200 day simple moving average is C$8.97. Fiera Capital has a 52 week low of C$8.17 and a 52 week high of C$10.77. The company has a market capitalization of C$986.37 million and a PE ratio of 17.47.

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

Fiera Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 19th. Investors of record on Monday, November 21st were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 8.95%. The ex-dividend date was Friday, November 18th. Fiera Capital’s dividend payout ratio (DPR) is presently 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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