Desjardins Boosts Fiera Capital (TSE:FSZ) Price Target to C$9.00

Fiera Capital (TSE:FSZ) had its price target hoisted by Desjardins from C$7.75 to C$9.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock. Desjardins also issued estimates for Fiera Capital’s Q4 2024 earnings at $0.33 EPS and FY2026 earnings at $1.17 EPS.

A number of other research analysts have also weighed in on FSZ. Scotiabank boosted their target price on Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. TD Securities decreased their price objective on shares of Fiera Capital from C$8.00 to C$7.50 in a report on Thursday, August 8th. National Bankshares cut shares of Fiera Capital from a “sector perform” rating to an “underperform” rating and raised their target price for the stock from C$7.00 to C$8.00 in a research note on Monday, July 29th. CIBC decreased their price target on shares of Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. Finally, National Bank Financial downgraded shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research report on Sunday, July 28th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$8.14.

Fiera Capital Stock Performance

TSE FSZ opened at C$9.33 on Thursday. The firm’s fifty day moving average price is C$8.10 and its two-hundred day moving average price is C$7.70. Fiera Capital has a 1 year low of C$4.35 and a 1 year high of C$9.35. The firm has a market capitalization of C$818.71 million, a P/E ratio of 17.28, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56.

Fiera Capital (TSE:FSZ) last issued its earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.19 by C$0.04. The business had revenue of C$164.79 million during the quarter, compared to the consensus estimate of C$160.80 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. As a group, research analysts anticipate that Fiera Capital will post 1.0905563 EPS for the current year.

Insiders Place Their Bets

In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’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 value of C$73,049.00. In other Fiera Capital news, Senior Officer John Valentini sold 10,400 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$7.90, for a total value of C$82,164.16. Also, 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. Insiders have sold a total of 207,400 shares of company stock worth $1,601,622 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

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.