Fairfax Financial Holdings Limited (TSE:FFH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Fairfax Financial Holdings Limited (TSE:FFH) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$2,764.29.

A number of equities analysts recently issued reports on FFH shares. National Bankshares upped their price target on shares of Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. BMO Capital Markets dropped their target price on shares of Fairfax Financial from C$2,700.00 to C$2,600.00 in a research note on Monday, November 10th. Scotiabank raised their price target on shares of Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Raymond James Financial decreased their price objective on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a report on Monday, November 10th.

Fairfax Financial Stock Down 0.3%

Fairfax Financial stock opened at C$2,488.31 on Wednesday. Fairfax Financial has a twelve month low of C$1,836.92 and a twelve month high of C$2,522.33. The company has a market capitalization of C$55.06 billion, a P/E ratio of 12.05, a PEG ratio of 0.27 and a beta of 0.35. The stock’s 50 day moving average is C$2,352.83 and its 200 day moving average is C$2,387.72.

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