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

Fiera Capital (TSE:FSZ – Get 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:FSZ – Get 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

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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.