Fiera Capital (TSE:FSZ) Reaches New 12-Month Low After Analyst Downgrade

Posted by on Apr 26th, 2023

Fiera Capital Co. (TSE:FSZ – Get Rating) shares reached a new 52-week low during mid-day trading on Tuesday after CIBC lowered their price target on the stock from C$9.00 to C$8.00. The stock traded as low as C$7.44 and last traded at C$7.45, with a volume of 132428 shares traded. The stock had previously closed at C$7.60.

Other equities research analysts have also recently issued research reports about the company. Scotiabank dropped their price objective on Fiera Capital from C$10.50 to C$10.00 in a report on Monday, February 27th. BMO Capital Markets lowered their target price on Fiera Capital from C$10.00 to C$9.50 in a research note on Monday, February 27th. Royal Bank of Canada lowered their target price on Fiera Capital from C$10.00 to C$9.50 and set a “sector perform” rating for the company in a research note on Monday, February 27th. Finally, TD Securities lowered their target price on Fiera Capital from C$10.00 to C$9.00 and set a “hold” rating for the company in a research note on Monday, February 27th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Fiera Capital presently has a consensus rating of “Hold” and a consensus price target of C$9.43.

Fiera Capital Stock Down 2.8 %

The company has a quick ratio of 1.05, a current ratio of 1.11 and a debt-to-equity ratio of 215.25. The company has a market cap of C$615.07 million, a P/E ratio of 30.79, a price-to-earnings-growth ratio of -0.87 and a beta of 1.41. The company has a fifty day moving average of C$8.12 and a 200 day moving average of C$8.58.

Fiera Capital (TSE:FSZ – Get Rating) last released its quarterly earnings results on Friday, February 24th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.34 by C($0.02). Fiera Capital had a net margin of 3.72% and a return on equity of 8.24%. The company had revenue of C$184.70 million for the quarter, compared to the consensus estimate of C$184.20 million. On average, research analysts anticipate that Fiera Capital Co. will post 1.1981279 earnings per share for the current fiscal year.

Fiera Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 8th were given a $0.215 dividend. The ex-dividend date was Tuesday, March 7th. This represents a $0.86 annualized dividend and a dividend yield of 11.64%. Fiera Capital’s payout ratio is 358.33%.

About Fiera Capital

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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.

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