Fairfax Financial Holdings Limited (TSE:FFH – Get Free Report)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$2,335.17 and traded as low as C$2,180.43. Fairfax Financial shares last traded at C$2,206.99, with a volume of 60,864 shares traded.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Royal Bank Of Canada increased their target price on Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. BMO Capital Markets decreased their price target on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a report on Monday, May 4th. National Bank Financial upped their price target on shares of Fairfax Financial from C$3,200.00 to C$3,300.00 in a report on Wednesday, April 29th. Raymond James Financial upped their price target on shares of Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, ATB Cormark Capital Markets upped their price target on shares of Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Fairfax Financial has an average rating of “Moderate Buy” and an average price target of C$2,793.50.
Read Our Latest Stock Report on FFH
Fairfax Financial Trading Up 1.7%
Fairfax Financial (TSE:FFH – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported C$43.25 earnings per share for the quarter. The company had revenue of C$15.57 billion during the quarter. Fairfax Financial had a net margin of 15.41% and a return on equity of 17.32%. Sell-side analysts anticipate that Fairfax Financial Holdings Limited will post 212.3039807 earnings per share for the current year.
About Fairfax Financial
Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.
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