Fiera Capital (TSE:FSZ) Sets New 12-Month Low – What’s Next?

Fiera Capital Co. (TSE:FSZ)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$6.35 and last traded at C$6.52, with a volume of 1581806 shares. The stock had previously closed at C$7.34.

Analyst Ratings Changes

Several research analysts have issued reports on FSZ shares. National Bankshares increased their price objective on Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. TD Securities increased their price objective on Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Scotiabank cut their price objective on Fiera Capital from C$10.50 to C$10.00 in a research report on Thursday, January 30th. CIBC cut their price objective on Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Finally, BMO Capital Markets cut their price objective on Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$8.93.

Fiera Capital Price Performance

The company has a quick ratio of 1.05, a current ratio of 1.31 and a debt-to-equity ratio of 261.73. The company has a market cap of C$705.11 million, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company has a fifty day simple moving average of C$8.16 and a two-hundred day simple moving average of C$8.51.

Insider Buying and Selling at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. 0.86% of the stock is owned by corporate insiders.

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.