Fairfax Financial Holdings Limited (TSE:FFH) Receives C$2,730.14 Consensus Price Target from Analysts

Fairfax Financial Holdings Limited (TSE:FFH) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$2,751.57.

A number of brokerages have issued reports on FFH. Royal Bank Of Canada upped their target price on 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. Raymond James Financial lifted their price target on Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. BMO Capital Markets lowered their price objective on Fairfax Financial from C$2,550.00 to C$2,400.00 in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce set a C$2,350.00 price objective on shares of Fairfax Financial and gave the company a “neutral” rating in a report on Friday, June 26th. Finally, National Bank Financial lifted their target price on shares of Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the stock an “outperform” rating in a research report on Monday.

Fairfax Financial Stock Down 1.5%

Shares of TSE:FFH opened at C$2,410.93 on Thursday. The company has a fifty day moving average of C$2,292.38 and a 200-day moving average of C$2,324.72. The company has a market capitalization of C$49.72 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 0.27 and a beta of 0.31. 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 52-week low of C$2,066.16 and a 52-week high of C$2,700.00.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$43.25 EPS for the quarter. Fairfax Financial had a return on equity of 17.32% and a net margin of 15.41%.The company had revenue of C$15.57 billion during the quarter. On average, equities analysts predict 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.