Fairfax Financial (TSE:FFH – Free Report) had its price objective cut by RBC Dominion Securities from C$2,316.00 to C$2,223.00 in a research report released on Thursday,BayStreet reports. They currently have an outperform rating on the stock.
Several other research analysts have also recently weighed in on the stock. National Bank Financial upped their price target on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Canadian Imperial Bank of Commerce set a C$2,350.00 price objective on shares of Fairfax Financial and gave the stock a “neutral” rating in a report on Friday, June 26th. Finally, ATB Cormark Capital Markets cut 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 report on Thursday, October 8th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$2,654.25.
Read Our Latest Research Report on FFH
Fairfax Financial Price Performance
TSE FFH opened at C$2,403.11 on Thursday. The business has a 50 day simple moving average of C$2,262.66 and a 200 day simple moving average of C$2,297.05. Fairfax Financial has a 52-week low of C$2,066.16 and a 52-week high of C$2,700.00. The company has a debt-to-equity ratio of 54.38, a quick ratio of 0.93 and a current ratio of 2.03. The stock has a market cap of C$53.76 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.27 and a beta of 0.34.
Fairfax Financial (TSE:FFH – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported C$90.05 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 for the quarter. Analysts anticipate that Fairfax Financial will post 212.30 earnings per share for the current fiscal year.
Fairfax Financial News Summary
Here are the key news stories impacting Fairfax Financial this week:
- Positive Sentiment: Fairfax is set to acquire a controlling stake in IDBI Bank for approximately US$5.6 billion, expanding its presence in India’s financial-services market. The transaction could create long-term growth opportunities if Fairfax can improve the bank’s performance and combine it with its existing Indian holdings. Fairfax buys controlling stake in India’s IDBI Bank for $5.6-billion
- Positive Sentiment: Fairfax plans to fold its Indian financial holdings into IDBI Bank, potentially providing scale and operational synergies. The strategy supports the company’s broader value-investing approach if the bank’s assets are successfully rehabilitated. Fairfax plans to fold Indian financial holdings into IDBI Bank
- Neutral Sentiment: Coverage is questioning whether Fairfax’s investment thesis remains undervalued, particularly after the IDBI Bank deal. The acquisition offers potential upside but also increases exposure to integration, turnaround and capital-allocation risks. Fairfax Financial Holdings buys into IDBI Bank as undervalued narrative faces a test
- Negative Sentiment: Raymond James lowered its Fairfax price target from C$3,000 to C$2,900, although it retained an “outperform” rating and still sees roughly 20.5% potential upside.
- Negative Sentiment: RBC Dominion Securities also reduced its target, from C$2,316 to C$2,223, while keeping an “outperform” rating. The lower valuation reflects more cautious expectations and places its target below the prevailing share price. RBC Dominion Securities lowers Fairfax price target
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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