Fiera Capital's Stock Price Target Increased by National Bankshares

Fiera Capital (TSE:FSZ) has seen a revision in its stock price target, with analysts at National Bankshares raising it from C$8.00 to C$8.50. This update was shared in a research note released to investors on Wednesday. While the target increase suggests a higher potential value, National Bankshares has maintained an "underperform" rating on the stock, indicating their caution regarding its expected performance.

Analysts' Perspectives on Fiera Capital

Other analysts have also recently provided updates on Fiera Capital. For instance, BMO Capital Markets recently increased their price objective for the stock from C$8.50 to C$9.00. Similarly, Scotiabank raised its target for Fiera Capital from C$8.50 to C$9.00 as reported on July 24th. Conversely, TD Securities reduced their target price from C$8.00 to C$7.50 after a review conducted on August 8th. National Bank Financial also revised their rating on the stock, lowering it from a "hold" to a "strong sell" on July 28th. Lastly, Desjardins raised its own target for Fiera to C$9.00 with a "hold" rating as of October 24th.

Current Market Situation and Stock Performance

Currently, two analysts have issued sell ratings for Fiera Capital, while six analysts recommend a hold rating. Overall, based on information from MarketBeat, Fiera Capital holds a consensus rating of "Hold" with an average target price of C$8.29.

Stock Trading Activity

On Wednesday, Fiera Capital's shares experienced a slight rise of 0.5%, reaching a price of C$9.81 during trading. The trading volume was recorded at 218,504 shares, which is lower than the average volume of 280,120 shares. The stock has a 50-day moving average of C$8.17 and a 200-day average of C$7.73. Over the past year, Fiera Capital's stock traded as low as C$4.63 and reached a high of C$9.90. The company has a market capitalization of C$860.83 million and a price-to-earnings ratio of 18.28.

Quarterly Earnings Information

On August 7th, Fiera Capital announced its quarterly earnings, reporting earnings per share of C$0.23, surpassing analysts' expectations of C$0.19 by C$0.04. The company generated revenue of C$164.79 million, which also exceeded analyst estimates of C$160.80 million. Fiera Capital's return on equity was reported at 22.95%, and the net profit margin stood at 8.97%. Analysts predict that the company will achieve earnings per share of approximately 1.09 for the current year.

Insider Trading Activity

In recent insider trading activities, Senior Officer John Valentini sold 28,000 shares on October 4th at an average price of C$8.57, totaling C$240,046.80. Additionally, on September 10th, the same officer sold another 10,000 shares at an average price of C$7.30, bringing in C$73,049.00. Over the last ninety days, insiders have sold a total of 207,400 shares valued at approximately $1,601,622. Currently, company insiders hold 0.86% of Fiera Capital's shares.

About Fiera Capital

Fiera Capital Corporation is an employee-owned investment management firm that primarily caters to institutional investors, mutual funds, charities, and private clients. The company manages various equity, fixed income, and balanced portfolios tailored to client needs. Additionally, it launches and oversees equity, fixed income, and balanced mutual funds.

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