Canaccord Genuity Remains a Buy on Fiera Capital A (FSZ)


Yesterday, an analyst has provided a rating update for Fiera Capital A (TSX: FSZ). Analyst Scott Chan CFA from Canaccord Genuity reiterated a Buy rating, with a C$14 price target.

According to TipRanks.com, CFA is a 1-star analyst with an average return of -2.7% and a 32.9% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

Currently, the analyst consensus on Fiera Capital A is a Moderate Buy with an average price target of C$13.67, an 11.0% upside from current levels. In a report issued on October 24, Desjardins also reiterated a Buy rating on the stock with a C$14 price target.

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Based on Fiera Capital A’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$2.11 million. In comparison, last year the company had a net profit of C$4.6 million.

Fiera Capital Corp. engages in the provision of traditional and alternative investment solutions, including depth and expertise in asset allocation. It offers investment advisory and related services to institutional investors, private wealth clients, and retail investors. The company was founded in 1955 and is headquartered in Montreal, Canada.

The company’s shares closed on Monday at C$12.31.

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