Fiera Capital (TSE:FSZ) Shares Cross Above 200 Day Moving Average of $0.00

Shares of Fiera Capital Co. (TSE:FSZ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$10.59. Fiera Capital shares last traded at C$10.50, with a volume of 156,018 shares trading hands.

A number of research analysts recently weighed in on the company. CIBC reduced their price objective on Fiera Capital from C$12.00 to C$11.25 and set a “neutral” rating for the company in a research report on Monday, April 26th. National Bankshares raised their price objective on Fiera Capital from C$11.50 to C$12.00 and gave the company a “sector perform” rating in a research report on Friday, March 19th. Royal Bank of Canada reduced their price objective on Fiera Capital from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research report on Friday, May 7th. Finally, TD Securities raised their price objective on Fiera Capital from C$11.00 to C$11.50 and gave the company a “hold” rating in a research report on Friday, May 7th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$11.89.

The firm has a market capitalization of C$1.09 billion and a price-to-earnings ratio of 96.94. The company has a current ratio of 1.34, a quick ratio of 1.06 and a debt-to-equity ratio of 174.85. The firm has a fifty day simple moving average of C$10.60.

Fiera Capital (TSE:FSZ) last released its quarterly earnings results on Thursday, May 6th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.33 by C($0.01). The firm had revenue of C$165.61 million during the quarter, compared to analysts’ expectations of C$166.45 million. As a group, analysts expect that Fiera Capital Co. will post 1.47 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Tuesday, May 18th will be paid a $0.21 dividend. The ex-dividend date is Monday, May 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.02%. Fiera Capital’s dividend payout ratio (DPR) is currently 777.78%.

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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