Fiera Capital (TSE:FSZ) had its target price reduced by Royal Bank of Canada from C$14.00 to C$13.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Other analysts have also issued reports about the company. TD Securities cut their price target on Fiera Capital from C$13.00 to C$12.50 and set a hold rating on the stock in a report on Monday, July 15th. National Bank Financial cut their price target on Fiera Capital from C$14.50 to C$13.00 and set an outperform rating on the stock in a report on Thursday. CIBC boosted their price target on Fiera Capital from C$14.50 to C$15.00 in a report on Monday, April 29th. Desjardins restated a buy rating on shares of Fiera Capital in a report on Thursday, July 4th. Finally, BMO Capital Markets cut their price target on Fiera Capital from C$12.50 to C$12.00 in a report on Friday, July 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Fiera Capital presently has an average rating of Hold and an average price target of C$13.08.
FSZ stock opened at C$10.17 on Thursday. The business’s 50-day moving average price is C$11.07 and its two-hundred day moving average price is C$11.82. The company has a current ratio of 1.40, a quick ratio of 1.08 and a debt-to-equity ratio of 106.94. The firm has a market cap of $1.01 billion and a PE ratio of -81.36. Fiera Capital has a 1-year low of C$10.08 and a 1-year high of C$13.35.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 23rd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.26%. Fiera Capital’s dividend payout ratio (DPR) is -640.00%.
In other news, Director Jean-Guy Desjardins sold 9,565 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of C$11.30, for a total value of C$108,086.41. Following the sale, the director now directly owns 8,377 shares in the company, valued at C$94,661.78.
About Fiera Capital
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.
Further Reading: Cost of Goods Sold (COGS)
Receive News & Ratings for Fiera Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiera Capital and related companies with MarketBeat.com's FREE daily email newsletter.