BMO Capital Markets Lowers Price Target for Fiera Capital (TSE:FSZ)

BMO Capital Markets has revised its price target for Fiera Capital (TSE:FSZ) from C$10.00 to C$9.00, as reported on Thursday morning. This adjustment follows a trend of varying ratings and target prices from other analysts.

In recent weeks, several financial institutions have provided updates on Fiera Capital's stock. Desjardins raised its price target on Fiera Capital from C$7.75 to C$9.00 and assigned a "hold" rating in a report dated October 24. Similarly, CIBC increased its target from C$9.50 to C$11.00 on November 8. On October 30, National Bankshares adjusted its target from C$8.00 to C$8.50 and gave the stock an "underperform" rating. Scotiabank also lowered its price target from C$10.50 to C$10.00, while TD Securities increased their aim from C$9.00 to C$10.00 with a hold rating on November 8. Currently, two analysts recommend selling the stock, while six suggest holding it. According to MarketBeat.com, the consensus rating is "hold," with an average target price of C$8.93.

Fiera Capital's Recent Performance

Fiera Capital's shares opened at C$7.85 on Thursday. The company's 50-day and 200-day moving averages stand at C$8.93 and C$8.64, respectively. Financial metrics reveal a debt-to-equity ratio of 259.56, a current ratio of 1.39, and a quick ratio of 1.05. Fiera Capital's market capitalization is C$688.84 million, boasting a price-to-earnings ratio of 14.54 and a negative PEG ratio of -0.87. The stock has fluctuated between a 52-week low of C$6.58 and a high of C$10.92.

The company reported its quarterly earnings on November 7, showcasing earnings per share of C$0.25, exceeding the expected C$0.19 by C$0.06. Fiera Capital achieved a return on equity of 22.95% with a net margin of 8.97%, and its revenue of C$171.71 million surpassed analysts' expectations of C$163.10 million. Analysts forecast the company will register an earnings per share of approximately 1.09 for the current year.

Dividend Increase Announced

Recently, Fiera Capital declared a quarterly dividend, which was distributed on December 19. Shareholders who held shares as of November 19 received a dividend of C$0.216 per share, up slightly from the previous C$0.22. This increment represents an annualized dividend of C$0.86 and offers a yield of 11.01%. However, it is important to note that its payout ratio stands at a high 159.26%.

Insider Trading Activity

In a related transaction, Fiera Capital S.E.C., an insider, sold 10,467 shares on January 6 at an average price of C$8.89, totaling C$93,028.60. Presently, corporate insiders own approximately 0.86% of the company's stock.

Overview of Fiera Capital Corporation

Fiera Capital Corporation is an investment manager that is employee-owned. The firm caters primarily to institutional investors, mutual funds, charitable organizations, and private clients, managing tailored portfolios across various asset classes, including equity and fixed income. They also oversee mutual funds and income trusts for investors.

Related Insights

• Investors are encouraged to follow the latest updates regarding Fiera Capital and its performance.
• Keeping track of analyst ratings may aid in making informed investment decisions.
• Understanding the implications of dividend changes can impact investment strategies.

BMO, Fiera, Capital