Fiera Capital (TSE:FSZ) Price Target Increased to C$9.00 by Analysts at Desjardins

Fiera Capital (TSE:FSZ) had its price objective increased by Desjardins from C$7.75 to C$9.00 in a research report report published on Thursday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock. Desjardins also issued estimates for Fiera Capital’s Q4 2024 earnings at $0.33 EPS and FY2026 earnings at $1.17 EPS.

Several other brokerages have also commented on FSZ. Scotiabank boosted their price target on Fiera Capital from C$8.50 to C$9.00 in a research note on Wednesday, July 24th. CIBC decreased their price target on Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. TD Securities cut their price objective on Fiera Capital from C$8.00 to C$7.50 in a research report on Thursday, August 8th. National Bankshares downgraded Fiera Capital from a “sector perform” rating to an “underperform” rating and lifted their price objective for the stock from C$7.00 to C$8.00 in a research report on Monday, July 29th. Finally, National Bank Financial downgraded Fiera Capital from a “hold” rating to a “strong sell” rating in a research report on Sunday, July 28th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$8.14.

Fiera Capital Trading Up 3.1 %

TSE:FSZ opened at C$9.26 on Thursday. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. Fiera Capital has a 1 year low of C$4.32 and a 1 year high of C$9.32. The stock has a market capitalization of C$812.57 million, a price-to-earnings ratio of 17.15, a PEG ratio of -0.87 and a beta of 1.64. The stock has a fifty day moving average price of C$8.07 and a two-hundred day moving average price of C$7.69.

Fiera Capital (TSE:FSZ) last issued its earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share for the quarter, topping the consensus estimate of C$0.19 by C$0.04. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The company had revenue of C$164.79 million for the quarter, compared to analyst estimates of C$160.80 million. As a group, sell-side analysts anticipate that Fiera Capital will post 1.0905563 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiera Capital

In other 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 transaction of C$73,049.00. In other news, Senior Officer John Valentini sold 10,400 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$7.90, for a total value of C$82,164.16. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction dated 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 the last three months, insiders sold 207,400 shares of company stock worth $1,601,622. 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.