Fairfax Financial (TSE:FFH – Get Free Report) had its target price increased by research analysts at National Bank Financial from C$3,450.00 to C$3,600.00 in a report released on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s price objective points to a potential upside of 46.36% from the stock’s current price.
A number of other research firms have also commented on FFH. ATB Cormark Capital Markets reduced their price objective on shares of Fairfax Financial from C$2,600.00 to C$2,500.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 8th. RBC Dominion Securities lifted their target price on shares of Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Finally, Raymond James Financial dropped their target price on shares of Fairfax Financial from C$3,000.00 to C$2,900.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$2,684.88.
Get Our Latest Research Report on FFH
Fairfax Financial Trading Down 0.4%
FFH stock traded down C$10.17 during trading on Wednesday, hitting C$2,459.61. The company had a trading volume of 25,459 shares, compared to its average volume of 69,831. The stock has a market cap of C$55.03 billion, a PE ratio of 12.07, a PEG ratio of 0.27 and a beta of 0.34. The business has a 50-day moving average of C$2,287.24 and a 200-day moving average of C$2,317.01. The company has a current ratio of 2.03, a quick ratio of 0.93 and a debt-to-equity ratio of 54.38. Fairfax Financial has a one year low of C$2,066.16 and a one year high of C$2,700.00.
Fairfax Financial (TSE:FFH – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported C$90.05 earnings per share (EPS) for the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. The firm had revenue of C$18.46 billion during the quarter. Research analysts predict that Fairfax Financial will post 212.30 earnings per share for the current fiscal 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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