Fairfax Financial (TSE:FFH – Get Free Report) had its price target upped by stock analysts at Scotia from C$2,950.00 to C$3,000.00 in a research report issued on Thursday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia‘s price objective suggests a potential upside of 10.27% from the stock’s current price.
Several other equities analysts have also commented on the company. National Bank Financial upped their price target on Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. ATB Cormark Capital Markets raised Fairfax Financial from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$2,500.00 to C$2,850.00 in a research report on Wednesday. RBC Dominion Securities boosted their price objective on shares of Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Finally, Raymond James Financial decreased 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 research report on Friday, October 16th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Fairfax Financial has an average rating of “Moderate Buy” and an average target price of C$2,905.89.
Read Our Latest Stock Report on Fairfax Financial
Fairfax Financial Price Performance
FFH traded down C$33.94 during trading hours on Thursday, reaching C$2,720.63. The company’s stock had a trading volume of 64,612 shares, compared to its average volume of 70,270. Fairfax Financial has a fifty-two week low of C$2,066.16 and a fifty-two week high of C$2,788.03. The stock has a market cap of C$60.87 billion, a PE ratio of 13.35, a P/E/G ratio of 0.27 and a beta of 0.34. The business’s 50-day moving average is C$2,319.96 and its 200-day moving average is C$2,315.56.
Fairfax Financial (TSE:FFH – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported C$61.67 earnings per share (EPS) for the quarter. Fairfax Financial had a return on equity of 16.00% and a net margin of 11.53%. The company had revenue of C$17.94 billion during the quarter. Analysts expect that Fairfax Financial will post 212.30 EPS 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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