Fiera Capital (TSE:FSZ) Shares Pass Below 50-Day Moving Average of $11.64

Fiera Capital Corp (TSE:FSZ)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.64 and traded as low as $11.21. Fiera Capital shares last traded at $11.29, with a volume of 65,847 shares traded.

A number of equities analysts recently weighed in on FSZ shares. Desjardins restated a “buy” rating on shares of Fiera Capital in a research report on Thursday, July 4th. National Bank Financial upped their target price on shares of Yamana Gold from C$3.75 to C$4.00 and gave the stock a “sector perform” rating in a research report on Friday, May 10th. BMO Capital Markets started coverage on shares of Capstone Mining in a research report on Friday, July 5th. They set a “hold” rating and a $1.00 target price for the company. Royal Bank of Canada set a €145.00 ($168.60) target price on shares of Aena SME and gave the stock a “sell” rating in a research report on Tuesday, April 30th. Finally, CIBC upped their target price on shares of Fiera Capital from C$14.50 to C$15.00 in a research report on Monday, April 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Fiera Capital has an average rating of “Hold” and an average target price of C$13.75.

The company has a current ratio of 1.40, a quick ratio of 1.08 and a debt-to-equity ratio of 106.94. The firm has a 50-day simple moving average of C$11.63. The company has a market cap of $1.09 billion and a PE ratio of -111.49.

Fiera Capital (TSE:FSZ) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.19 by C$0.07. The business had revenue of C$142.79 million for the quarter. On average, equities analysts forecast that Fiera Capital Corp will post 1.4800001 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 18th were given a dividend of $0.21 per share. The ex-dividend date was Friday, May 17th. This represents a $0.84 annualized dividend and a yield of 7.46%. Fiera Capital’s dividend payout ratio (DPR) is currently -792.08%.

About Fiera Capital (TSE:FSZ)

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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