Scotiabank Issues Positive Forecast for Fairfax Financial (TSE:FFH) Stock Price

Fairfax Financial (TSE:FFH) had its price objective hoisted by Scotiabank from C$3,050.00 to C$3,150.00 in a report issued on Friday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 41.35% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada set a C$2,200.00 price objective on shares of Fairfax Financial and gave the company an “outperform” rating in a research note on Monday. BMO Capital Markets cut shares of Fairfax Financial from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$2,600.00 to C$2,500.00 in a research note on Thursday, January 22nd. Raymond James Financial reduced their price objective on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a research note on Monday, November 10th. Finally, 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 research note on Monday, October 27th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$2,764.29.

Fairfax Financial Stock Performance

TSE:FFH traded up C$3.78 during trading hours on Friday, hitting C$2,228.54. The stock had a trading volume of 40,841 shares, compared to its average volume of 119,062. The business’s 50 day moving average is C$2,467.46 and its 200-day moving average is C$2,410.03. The company has a market cap of C$49.31 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 0.27 and a beta of 0.40. Fairfax Financial has a one year low of C$1,836.92 and a one year high of C$2,700.00.

Fairfax Financial (TSE:FFH) last released its quarterly earnings results 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 firm had revenue of C$17.72 billion for the quarter. On average, sell-side analysts anticipate that Fairfax Financial will post 212.3039807 EPS for the current fiscal 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.