Fiera Capital's Price Target Increased by BMO Capital Markets

Fiera Capital (TSE:FSZ) has received a boost in its price target from financial analysts at BMO Capital Markets. In a report released on Tuesday, they raised the target price from C$8.50 to C$9.00. This new target price implies a potential downside of 7.22% based on the stock's previous closing price.

In addition to BMO, other analysts have also recently reassessed their ratings for Fiera Capital. For instance, Scotiabank announced an increase in their target price for the company from C$8.50 to C$9.00 on July 24. Similarly, Desjardins raised their price target from C$7.75 to C$9.00 and assigned a 'hold' rating on October 24.

Contrarily, TD Securities decreased their price objective from C$8.00 to C$7.50 as of August 8. Additionally, National Bank Financial has lowered its rating on Fiera Capital from 'hold' to 'strong sell,' while CIBC cut their price target from C$9.00 to C$8.00 on the same date. Overall, there are two analysts with sell ratings and six who have issued hold ratings for the stock. According to MarketBeat.com, Fiera Capital currently holds a consensus rating of "Hold" and an average target price of C$8.21.

Fiera Capital Stock Performance

On Tuesday, Fiera Capital shares traded down by C$0.08, reaching C$9.70. The volume for the stock was 272,870 shares, slightly lower than its average trading volume of 279,633 shares. The company's market capitalization stands at C$851.18 million, with a PE ratio of 17.91 and a P/E/G ratio of -0.87. Its beta value is 1.64, indicating volatility compared to the market.

Fiera Capital's liquidity ratios include a current ratio of 1.39 and a quick ratio of 1.05. The firm's debt-to-equity ratio is particularly high at 259.56. Over the last 50 days, the stock has had a moving average of C$8.14, while the 200-day moving average is C$7.71. Over the past year, Fiera Capital has seen a low of C$4.56 and a high of C$9.87.

Fiera Capital's latest earnings report came out on August 7, revealing earnings per share (EPS) of C$0.23 for the quarter. This figure surpassed analysts' expectations of C$0.19 by C$0.04. The company reported revenues of C$164.79 million, which also exceeded estimates of C$160.80 million. Research analysts predict that Fiera Capital will show earnings of approximately 1.09 EPS for the current fiscal year.

Insider Activity

On the insider trading front, FIERA CAPITAL S.E.C. sold 10,000 shares on September 10 at an average price of C$7.30, totaling a transaction value of C$73,049. Additionally, John Valentini, a senior officer at the company, recently sold 10,400 shares on September 24 at C$7.90 each, making another total of C$82,164.16. In the past three months, insiders have sold a total of 207,400 shares worth about $1.6 million, leaving insiders with ownership of 0.86% of the stock.

About Fiera Capital

Fiera Capital Corporation is an investment management firm primarily owned by its employees. It offers services mainly to institutional investors, mutual funds, charitable organizations, and private clients. Fiera manages various equity, fixed income, and balanced portfolios. Additionally, the firm launches and oversees mutual funds and income trusts.

Fiera, Capital, stock