Fairfax Financial (TSE:FFH) Sets New 1-Year High – Still a Buy?

Fairfax Financial Holdings Limited (TSE:FFH) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2,520.40 and last traded at C$2,489.75, with a volume of 35278 shares traded. The stock had previously closed at C$2,496.72.

Analyst Upgrades and Downgrades

FFH has been the topic of several recent analyst reports. Raymond James Financial dropped their price objective on Fairfax Financial from C$3,050.00 to C$2,900.00 in a research note on Monday, November 10th. National Bankshares lifted their price objective on Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Scotiabank increased their target price on Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, BMO Capital Markets cut their price target on shares of Fairfax Financial from C$2,700.00 to C$2,600.00 in a research note on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$2,764.29.

Fairfax Financial Trading Down 0.2%

The firm has a market capitalization of C$55.15 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.27 and a beta of 0.35. The company’s 50 day moving average is C$2,351.91 and its 200-day moving average is C$2,386.28.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Thursday, November 6th. The company reported C$52.04 earnings per share (EPS) for the quarter. The company had revenue of C$17.72 billion during the quarter. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%. Research analysts expect that Fairfax Financial Holdings Limited will post 212.3039807 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.