Fiera Capital (TSE:FSZ) Hits New 52-Week Low Following Analyst Downgrade

Posted by on May 3rd, 2023

Fiera Capital Co. (TSE:FSZ – Get Rating) shares reached a new 52-week low during mid-day trading on Tuesday after National Bankshares lowered their price target on the stock from C$9.50 to C$8.50. The company traded as low as C$7.25 and last traded at C$7.26, with a volume of 111629 shares traded. The stock had previously closed at C$7.44.

Other equities analysts have also issued reports about the stock. TD Securities cut their target price on shares of Fiera Capital from C$10.00 to C$9.00 and set a “hold” rating for the company in a report on Monday, February 27th. Royal Bank of Canada cut their price target on shares of Fiera Capital from C$10.00 to C$9.50 and set a “sector perform” rating for the company in a report on Monday, February 27th. BMO Capital Markets cut their price target on shares of Fiera Capital from C$10.00 to C$9.50 in a report on Monday, February 27th. CIBC cut their price target on shares of Fiera Capital from C$9.00 to C$8.00 in a report on Tuesday, April 25th. Finally, Scotiabank cut their price target on shares of Fiera Capital from C$10.50 to C$10.00 in a report on Monday, February 27th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$9.14.

Fiera Capital Trading Down 1.9 %

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 fifty day moving average of C$7.93 and a two-hundred day moving average of C$8.54. The stock has a market capitalization of C$607.58 million, a price-to-earnings ratio of 30.42, a P/E/G ratio of -0.87 and a beta of 1.41.

Fiera Capital (TSE:FSZ – Get Rating) last released its quarterly earnings data 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). The business had revenue of C$184.70 million during the quarter, compared to analysts’ expectations of C$184.20 million. Fiera Capital had a return on equity of 8.24% and a net margin of 3.72%. On average, research analysts expect that Fiera Capital Co. will post 1.1591264 EPS for the current year.

Fiera Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 5th. Investors of record on Wednesday, March 8th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 11.78%. The ex-dividend date of this dividend was Tuesday, March 7th. Fiera Capital’s dividend payout ratio is presently 358.33%.

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.

See Also

Receive News & Ratings for Fiera Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiera Capital and related companies with MarketBeat.com's FREE daily email newsletter.