Fiera Capital (TSE:FSZ) Reaches New 1-Year Low Following Analyst Downgrade

Fiera Capital Co. (TSE:FSZ)’s stock price reached a new 52-week low during trading on Thursday after Desjardins lowered their price target on the stock from C$9.00 to C$7.25. Desjardins currently has a hold rating on the stock. Fiera Capital traded as low as C$6.35 and last traded at C$6.52, with a volume of 1581806 shares traded. The stock had previously closed at C$7.34.

Other equities research analysts have also issued reports about the company. BMO Capital Markets decreased their price target on Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. CIBC cut their price target on Fiera Capital from C$9.00 to C$6.75 and set a “neutral” rating for the company in a report on Thursday. National Bankshares raised shares of Fiera Capital from an “underperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$8.50 to C$7.00 in a report on Thursday. TD Securities lowered their price objective on Fiera Capital from C$8.50 to C$6.50 and set a “hold” rating for the company in a research report on Thursday. Finally, Scotiabank lowered their price objective on Fiera Capital from C$10.00 to C$8.75 and set a “sector perform” rating for the company in a research report on Thursday. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Fiera Capital currently has an average rating of “Hold” and a consensus price target of C$7.54.

Insider Activity at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total value of C$93,028.60. Corporate insiders own 0.86% of the company’s stock.

Fiera Capital Stock Performance

The company has a market capitalization of C$699.70 million, a price-to-earnings ratio of 10.85, a P/E/G ratio of -0.87 and a beta of 1.64. The company has a current ratio of 1.31, a quick ratio of 1.05 and a debt-to-equity ratio of 261.73. The stock’s 50 day moving average price is C$8.06 and its 200 day moving average price is C$8.50.

Fiera Capital Company Profile

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.