Fiera Capital (TSE:FSZ) Sets New 12-Month High – Here’s Why

Fiera Capital Co. (TSE:FSZ) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$9.32 and last traded at C$9.25, with a volume of 117545 shares trading hands. The stock had previously closed at C$8.98.

Analyst Ratings Changes

FSZ has been the subject of a number of recent research reports. CIBC dropped their price target on shares of Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. Scotiabank upped their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. National Bankshares lowered Fiera Capital from a “sector perform” rating to an “underperform” rating and raised their price target for the stock from C$7.00 to C$8.00 in a research report on Monday, July 29th. National Bank Financial downgraded Fiera Capital from a “hold” rating to a “strong sell” rating in a report on Sunday, July 28th. Finally, TD Securities reduced their target price on Fiera Capital from C$8.00 to C$7.50 in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, Fiera Capital presently has an average rating of “Hold” and an average target price of C$7.89.

Fiera Capital Trading Up 2.1 %

The stock has a market capitalization of C$804.67 million, a price-to-earnings ratio of 16.63, a PEG ratio of -0.87 and a beta of 1.64. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05. The business has a 50 day simple moving average of C$8.04 and a 200-day simple moving average of C$7.69.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.19 by C$0.04. The business had revenue of C$164.79 million during the quarter, compared to analyst estimates of C$160.80 million. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. As a group, equities analysts expect that Fiera Capital Co. will post 1.0905563 earnings per share for the current year.

Insider Transactions at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total transaction of C$73,049.00. Also, Senior Officer John Valentini sold 10,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$7.90, for a total value of C$82,164.16. Insiders sold 207,400 shares of company stock valued at $1,601,622 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

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.