Fiera Capital Stock Price Target Increased by National Bankshares

Investment analysts at National Bankshares have raised their price target for Fiera Capital (TSE:FSZ) from C$8.00 to C$8.50. This update was provided in a research note shared with investors on Wednesday. However, the brokerage has maintained an "underperform" rating on the stock. According to their revised target price, Fiera Capital is expected to experience a potential downside of 13.35% based on its current trading price.

In addition to National Bankshares, other financial institutions have recently provided updates regarding Fiera Capital. For instance, BMO Capital Markets increased their price target from C$8.50 to C$9.00 on Tuesday. Similarly, Scotiabank also raised their target price to C$9.00 as reported on July 24. On the other hand, TD Securities reduced their price target from C$8.00 to C$7.50 in an analysis released on August 8. National Bank Financial downgraded Fiera Capital from a "hold" to a "strong sell" rating as announced on July 28. Lastly, Desjardins increased their target from C$7.75 to C$9.00 and maintained a "hold" rating on October 24. Currently, the stock has received two sell ratings and six hold ratings from analysts. MarketBeat data indicates that Fiera Capital has an average rating of "Hold" with an average target price of C$8.29.

Fiera Capital Stock Performance Update

On the trading day following the announcement, Fiera Capital shares rose by 0.5%, reaching C$9.81. During this day's trading, the stock saw a volume of 218,504 shares, which is slightly below the average volume of 280,120 shares. The company's stock is navigating with a 50-day simple moving average of C$8.17 and a 200-day simple moving average of C$7.73. Over the past year, Fiera Capital's stock has fluctuated, with a low of C$4.63 and a high of C$9.90. Currently, the firm has a market capitalization of C$860.83 million, with a price-to-earnings ratio of 18.28.

Recent Earnings Results

Fiera Capital recently disclosed its quarterly earnings on August 7, reporting earnings per share of C$0.23. This figure exceeded analysts' expectations, which predicted earnings of C$0.19 by C$0.04. The company's total revenue for the quarter stood at C$164.79 million, outpacing the anticipated revenue of C$160.80 million. The firm demonstrated a return on equity of 22.95% alongside a net margin of 8.97%. Analysts are forecasting Fiera Capital to achieve earnings per share of approximately 1.09 for the current year.

Insider Transactions

In related news, Senior Officer John Valentini sold 28,000 shares of Fiera Capital on October 4 at an average price of C$8.57, totaling C$240,046.80. Another transaction saw Valentini selling an additional 28,000 shares on the same day. Moreover, insider Fiera Capital S.E.C. also sold 10,000 shares on September 10 at an average price of C$7.30, resulting in a total of C$73,049.00. Over the past ninety days, insiders have offloaded a total of 207,400 shares valued at approximately $1,601,622, while insider ownership stands at 0.86%.

Fiera Capital Overview

Fiera Capital Corporation operates as an employee-owned investment management firm, providing services primarily to institutional investors, mutual funds, charitable organizations, and private clients. Their offerings include managing tailored equity, fixed income, and balanced portfolios. Additionally, they launch and manage various mutual funds and income trusts, catering to the diverse needs of their clients.

Fiera, Capital, Stock