Fiera Capital (TSE:FSZ – Free Report) had its target price cut by CIBC from C$9.00 to C$8.00 in a report published on Thursday morning, BayStreet.CA reports.
A number of other brokerages also recently weighed in on FSZ. National Bankshares downgraded shares of Fiera Capital from a sector perform rating to an underperform rating and increased their price objective for the company 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 research note on Sunday, July 28th. Scotiabank upped their price objective on Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. Finally, TD Securities raised their target price on Fiera Capital from C$7.50 to C$8.00 and gave the stock a hold rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of C$7.89.
Check Out Our Latest Report on Fiera Capital
Fiera Capital Stock Performance
Fiera Capital (TSE:FSZ – Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.06. Fiera Capital had a net margin of 9.84% and a return on equity of 23.90%. The firm had revenue of C$168.12 million for the quarter, compared to the consensus estimate of C$160.30 million. As a group, analysts forecast that Fiera Capital will post 1.0296736 EPS for the current year.
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.
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