Fairfax Financial (TSE:FFH) Issues Earnings Results

Fairfax Financial (TSE:FFH) announced its quarterly earnings data on Thursday. The company reported C$90.05 EPS for the quarter, FiscalAI reports. The firm had revenue of C$18.46 billion during the quarter. Fairfax Financial had a return on equity of 17.32% and a net margin of 15.41%.

Fairfax Financial Stock Down 2.1%

Fairfax Financial stock traded down C$50.35 during trading on Thursday, hitting C$2,360.58. 79,550 shares of the company were exchanged, compared to its average volume of 77,938. The business’s 50 day moving average is C$2,292.38 and its 200 day moving average is C$2,324.72. 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 market capitalization of C$48.68 billion, a P/E ratio of 11.68, a PEG ratio of 0.27 and a beta of 0.31. The company has a current ratio of 2.65, a quick ratio of 0.93 and a debt-to-equity ratio of 54.00.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Canadian Imperial Bank of Commerce set a C$2,350.00 target price on Fairfax Financial and gave the stock a “neutral” rating in a report on Friday, June 26th. BMO Capital Markets decreased their price target on shares of Fairfax Financial from C$2,550.00 to C$2,400.00 in a research note on Monday, May 4th. Royal Bank Of Canada upped their price objective on shares of Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. National Bank Financial raised their price objective on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Raymond James Financial lifted their price objective on shares of Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$2,751.57.

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.