Fairfax Financial (TSE:FFH) PT Set at C$2,350.00 by Canadian Imperial Bank of Commerce

Fairfax Financial (TSE:FFH) has been assigned a C$2,350.00 target price by equities researchers at Canadian Imperial Bank of Commerce in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s target price points to a potential upside of 1.34% from the company’s previous close.

A number of other brokerages have also commented on FFH. BMO Capital Markets cut their price target on Fairfax Financial from C$2,550.00 to C$2,400.00 in a research note on Monday, May 4th. Royal Bank Of Canada lifted their target price on shares of Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. National Bank Financial upped their price target on shares of Fairfax Financial from C$3,200.00 to C$3,300.00 in a research report on Wednesday, April 29th. Finally, Raymond James Financial lifted their price target on shares of Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$2,730.14.

Fairfax Financial Price Performance

Shares of FFH traded down C$21.67 during trading hours on Friday, reaching C$2,319.00. The stock had a trading volume of 13,981 shares, compared to its average volume of 81,604. The company has a debt-to-equity ratio of 54.00, a quick ratio of 0.93 and a current ratio of 2.65. Fairfax Financial has a 12 month low of C$2,066.16 and a 12 month high of C$2,700.00. The stock has a market capitalization of C$47.83 billion, a PE ratio of 11.47, a PEG ratio of 0.27 and a beta of 0.36. The company’s 50-day moving average is C$2,273.45 and its two-hundred day moving average is C$2,355.24.

Fairfax Financial (TSE:FFH) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$43.25 earnings per share for the quarter. Fairfax Financial had a return on equity of 17.32% and a net margin of 15.41%.The business had revenue of C$15.57 billion for the quarter. Research 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.