CIBC Forecasts Strong Price Appreciation for Fiera Capital (TSE:FSZ) Stock

Fiera Capital (TSE:FSZ) had its target price hoisted by analysts at CIBC from C$9.50 to C$11.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 9.45% from the company’s current price.

Other equities research analysts have also issued reports about the stock. National Bankshares lifted their target price on shares of Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Desjardins lifted their target price on shares of Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. National Bank Financial lowered Fiera Capital from a “hold” rating to a “strong sell” rating in a research report on Sunday, July 28th. BMO Capital Markets lifted their target price on Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday, October 29th. Finally, Scotiabank boosted their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$9.07.

Fiera Capital Stock Down 7.8 %

Shares of TSE:FSZ traded down C$0.85 during midday trading on Friday, reaching C$10.05. The company had a trading volume of 642,170 shares, compared to its average volume of 289,088. Fiera Capital has a 1-year low of C$4.77 and a 1-year high of C$10.92. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. The stock has a market cap of C$881.89 million, a PE ratio of 18.61, a P/E/G ratio of -0.87 and a beta of 1.64. The business’s 50 day moving average price is C$8.50 and its 200 day moving average price is C$7.83.

Fiera Capital (TSE:FSZ) last announced its earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06. The business had revenue of C$171.71 million during the quarter, compared to the consensus estimate of C$163.10 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. Research analysts forecast that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fiera Capital 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. In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the company’s stock in a transaction that occurred on 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 28,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$8.57, for a total transaction of C$240,046.80. Insiders sold a total of 207,400 shares of company stock valued at $1,601,622 in the last 90 days. 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.