Fairfax Financial (TSE:FFH – Get Free Report) had its target price lowered by analysts at Raymond James Financial from C$3,000.00 to C$2,900.00 in a research report issued on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 20.49% from the company’s previous close.
A number of other analysts have also commented on FFH. National Bank Financial lifted their target price on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Canadian Imperial Bank of Commerce set a C$2,350.00 target price on Fairfax Financial and gave the stock a “neutral” rating in a report on Friday, June 26th. RBC Dominion Securities reduced their price target on shares of Fairfax Financial from C$2,316.00 to C$2,223.00 and set an “outperform” rating for the company in a report on Thursday. Finally, ATB Cormark Capital Markets reduced their price target on Fairfax Financial from C$2,600.00 to C$2,500.00 and set a “sector perform” rating for the company in a research report on Thursday, October 8th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$2,654.25.
Read Our Latest Stock Analysis on Fairfax Financial
Fairfax Financial Price Performance
Shares of FFH stock traded down C$0.31 during trading hours on Friday, hitting C$2,406.82. 44,414 shares of the company’s stock were exchanged, compared to its average volume of 70,504. Fairfax Financial has a 52 week low of C$2,066.16 and a 52 week high of C$2,700.00. The stock’s 50-day moving average is C$2,262.00 and its 200-day moving average is C$2,296.31. The stock has a market cap of C$53.85 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 0.27 and a beta of 0.34. The company has a debt-to-equity ratio of 54.38, a current ratio of 2.03 and a quick ratio of 0.93.
Fairfax Financial (TSE:FFH – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported C$90.05 EPS for the quarter. The business had revenue of C$18.46 billion for the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. As a group, research analysts forecast that Fairfax Financial will post 212.30 EPS for the current year.
Fairfax Financial Company Profile
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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