Fiera Capital (TSE:FSZ) Reaches New 1-Year High – Here’s What Happened

Fiera Capital Co. (TSE:FSZ)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$10.14 and last traded at C$10.08, with a volume of 117187 shares changing hands. The stock had previously closed at C$9.82.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FSZ shares. National Bankshares upped 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 report on Wednesday, October 30th. Scotiabank increased their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Wednesday, July 24th. BMO Capital Markets lifted their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Tuesday, October 29th. National Bank Financial cut shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 28th. Finally, CIBC lowered their target price on shares of Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$8.29.

Fiera Capital Price Performance

The firm has a market capitalization of C$916.99 million, a P/E ratio of 18.19, 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. The firm has a 50 day moving average price of C$8.43 and a 200-day moving average price of C$7.81.

Fiera Capital (TSE:FSZ) last released its earnings results on Wednesday, August 7th. The company reported C$0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.19 by C$0.04. The firm had revenue of C$164.79 million during the quarter, compared to analyst estimates of C$160.80 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. On average, analysts expect that Fiera Capital Co. will post 1.0905563 earnings per share for the current year.

Insider Buying and Selling at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm’s stock in a transaction 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 122,500 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total value of C$913,347.75. Insiders have sold 207,400 shares of company stock valued at $1,601,622 in the last quarter. 0.86% of the stock is owned by 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.