Fairfax Financial Holdings Limited (TSE:FFH) Stock Rated “Moderate Buy” by Wall Street Analysts

Fairfax Financial Holdings Limited (TSE:FFH) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$2,737.29.

A number of brokerages recently commented on FFH. ATB Cormark Capital Markets cut their target price on Fairfax Financial from C$2,600.00 to C$2,500.00 and set a “sector perform” rating for the company in a research note on Thursday. National Bank Financial upped their price objective on 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, July 27th. Finally, 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.

Fairfax Financial Price Performance

TSE:FFH opened at C$2,250.89 on Tuesday. The company has a debt-to-equity ratio of 54.38, a current ratio of 2.03 and a quick ratio of 0.93. Fairfax Financial has a one year low of C$2,066.16 and a one year high of C$2,700.00. The company has a fifty day moving average price of C$2,268.14 and a 200 day moving average price of C$2,297.52. The stock has a market cap of C$46.75 billion, a P/E ratio of 11.05, a PEG ratio of 0.27 and a beta of 0.34.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$90.05 earnings per share (EPS) for the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. The company 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 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.