TD Securities Trims Fiera Capital (TSE:FSZ) Target Price to C$12.50

Fiera Capital (TSE:FSZ) had its target price trimmed by TD Securities from C$13.00 to C$12.50 in a research note published on Monday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the company. BMO Capital Markets started coverage on Capstone Mining in a research note on Friday, July 5th. They set a hold rating and a $1.00 target price on the stock. Royal Bank of Canada set a €145.00 ($168.60) target price on Aena SME and gave the stock a sell rating in a research note on Tuesday, April 30th. Desjardins reiterated a buy rating on shares of Fiera Capital in a research note on Thursday, July 4th. National Bank Financial increased their target price on Yamana Gold from C$3.75 to C$4.00 and gave the stock a sector perform rating in a research note on Friday, May 10th. Finally, CIBC increased their target price on Fiera Capital from C$14.50 to C$15.00 in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of C$13.67.

TSE:FSZ opened at C$10.90 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.40 and a debt-to-equity ratio of 106.94. The company has a 50 day simple moving average of C$11.57. The company has a market capitalization of $1.09 billion and a price-to-earnings ratio of -107.92. Fiera Capital has a 12-month low of C$10.54 and a 12-month high of C$13.35.

Fiera Capital (TSE:FSZ) last announced its earnings results on Thursday, May 9th. The company reported C$0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.19 by C$0.07. The firm had revenue of C$142.79 million for the quarter. On average, equities research analysts forecast that Fiera Capital will post 1.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 18th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, May 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.71%. Fiera Capital’s dividend payout ratio (DPR) is currently -792.08%.

In related news, Director Jean-Guy Desjardins sold 9,565 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$11.30, for a total transaction of C$108,086.41. Following the sale, the director now owns 8,377 shares of the company’s stock, 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.

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Analyst Recommendations for Fiera Capital (TSE:FSZ)

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