BMO Capital Markets Cuts Fiera Capital (TSE:FSZ) Price Target to C$12.00

Fiera Capital (TSE:FSZ) had its target price reduced by BMO Capital Markets from C$12.50 to C$12.00 in a research note released on Friday morning, BayStreet.CA reports.

FSZ has been the topic of a number of other research reports. CIBC boosted their price objective on shares of Fiera Capital from C$14.50 to C$15.00 in a research report on Monday, April 29th. Royal Bank of Canada reissued a sector perform rating and issued a C$14.00 price objective on shares of Fiera Capital in a research report on Tuesday, April 30th. Finally, National Bank Financial cut their price objective on shares of Fiera Capital from C$16.00 to C$15.00 and set an outperform rating on the stock in a research report on Monday, March 25th.

Shares of FSZ opened at C$11.28 on Friday. The firm has a 50 day moving average of C$11.75. The company has a debt-to-equity ratio of 106.94, a quick ratio of 1.08 and a current ratio of 1.40. The company has a market capitalization of $1.10 billion and a price-to-earnings ratio of -111.68. Fiera Capital has a twelve month low of C$10.54 and a twelve month high of C$13.35.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.26 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.19 by C$0.07. The business had revenue of C$142.79 million during the quarter. As a group, research analysts forecast that Fiera Capital will post 1.4800001 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 18th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date was Friday, May 17th. Fiera Capital’s dividend payout ratio is presently -831.68%.

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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