Fiera Capital Stock Price Target Increased by National Bankshares

Fiera Capital Corporation (TSE:FSZ) has received a revised price target from National Bankshares, which has increased its target from C$8.00 to C$8.50. This adjustment was communicated in a research note issued to investors on Wednesday. Despite the increase in target price, National Bankshares has maintained an "underperform" rating on the stock, indicating that the analysts believe the stock may not perform as well as others in the market. The new price target suggests a potential downside of approximately 13.35% from Fiera Capital's current stock price.

Recent Analyst Ratings

In addition to National Bankshares' report, several other analysts have recently updated their ratings for Fiera Capital. BMO Capital Markets raised its price objective from C$8.50 to C$9.00, and Scotiabank issued a similar increase to C$9.00 as well. Conversely, TD Securities lowered its target from C$8.00 to C$7.50 in an earlier report. Meanwhile, National Bank Financial changed their rating from a "hold" to a "strong sell" on July 28. Furthermore, Desjardins increased their target price from C$7.75 to C$9.00 while giving the stock a "hold" rating in October. Currently, Consensus ratings reveal that two analysts have a sell rating, while six have a hold rating. The consensus rating stands at "Hold" with an average target price of C$8.29, according to MarketBeat data.

Recent Stock Performance

On Wednesday, Fiera Capital's stock demonstrated a minor price increase of 0.5%, trading up by C$0.05 to reach C$9.81. The trading volume for the day was 218,504 shares, which is lower than the average volume of 280,120 shares. Fiera Capital has shown a 50-day simple moving average of C$8.17 and a two-hundred day simple moving average of C$7.73. The stock's one-year price range has been between C$4.63 and C$9.90. With a market cap of C$860.83 million, the company has a price-to-earnings (P/E) ratio of 18.28 and a return on equity of 22.95%, with a net margin of 8.97%.

Quarterly Earnings Results

Fiera Capital's latest quarterly earnings report was released on August 7, where the company reported earnings per share (EPS) of C$0.23, surpassing analysts' expectations of C$0.19 by C$0.04. The total revenue for the quarter reached C$164.79 million, which also exceeded estimates of C$160.80 million. Analysts predict the company will achieve around 1.09 EPS for the current fiscal year.

Insider Transactions

In other news regarding Fiera Capital, Senior Officer John Valentini sold 28,000 shares of the company's stock on October 4 at an average price of C$8.57, resulting in a total transaction of C$240,046.80. In a separate transaction on September 10, another insider, FIERA CAPITAL S.E.C., sold 10,000 shares at an average price of C$7.30 for a total of C$73,049. Over the past 90 days, insiders have sold approximately 207,400 shares worth about C$1.6 million. Insiders currently own 0.86% of the company’s stock.

Company Overview

Fiera Capital Corporation is an employee-owned investment management firm. It primarily serves institutional investors, mutual funds, charitable organizations, and private clients. The firm manages tailored portfolios across various asset classes, including equity and fixed income, and also offers mutual funds and income trusts.

Fiera, Capital, Analyst