Shares of Fairfax Financial Holdings Limited (TSE:FFH – Get Free Report) reached a new 52-week high on Wednesday after Royal Bank Of Canada raised their price target on the stock from C$3,254.00 to C$3,335.00. Royal Bank Of Canada currently has an outperform rating on the stock. Fairfax Financial traded as high as C$2,724.70 and last traded at C$2,700.12, with a volume of 34,762 shares traded. The stock had previously closed at C$2,488.86.
Several other research analysts have also commented on the stock. ATB Cormark Capital Markets upgraded shares of Fairfax Financial from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$2,500.00 to C$2,850.00 in a report on Wednesday. National Bank Financial lifted their target price on shares of 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. RBC Dominion Securities boosted their price target on shares of Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Raymond James Financial increased their price target on shares of Fairfax Financial from C$2,900.00 to C$3,150.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Scotia raised their price objective on shares of Fairfax Financial from C$2,950.00 to C$3,000.00 and gave the stock a “sector outperform” rating in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$2,905.89.
Check Out Our Latest Stock Report on Fairfax Financial
Fairfax Financial Stock Performance
The firm’s 50-day simple moving average is C$2,329.39 and its 200 day simple moving average is C$2,316.93. The company has a market cap of C$60.22 billion, a P/E ratio of 13.21, a PEG ratio of 0.27 and a beta of 0.44.
Fairfax Financial (TSE:FFH – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported C$61.67 EPS for the quarter. Fairfax Financial had a net margin of 11.53% and a return on equity of 16.00%. The firm had revenue of C$17.94 billion for the quarter. As a group, research analysts forecast that Fairfax Financial Holdings Limited will post 212.30 earnings per share 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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