Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Analyst Scott Chan CFA from Canaccord Genuity rated Fiera Capital A (TSX: FSZ) a Buy, setting a C$15 price target.
Chan CFA noted:
“We view normalized results as in-line. Net flows of C$558M came in below our expectations of C$900M. Private wealth flow traction remains robust, mainly driven by Bel Air. Fiera has increased its dividend by 5%, one quarter earlier than we were expecting.”
According to TipRanks.com, CFA is ranked #2935 out of 4850 analysts.
Fiera Capital A has an analyst consensus of Moderate Buy, with a price target consensus of C$15.
Based on Fiera Capital A’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$2.19 million. In comparison, last year the company had a net profit of C$877K.
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 Thursday at C$12.18.
