Fairfax Financial (TSE:FFH) Price Target Raised to C$3,600.00

Fairfax Financial (TSE:FFH) had its price target hoisted by National Bank Financial from C$3,450.00 to C$3,600.00 in a report published on Wednesday,BayStreet reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently weighed in on FFH. RBC Dominion Securities raised their price target on Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the company an “outperform” rating in a research note on Friday, October 23rd. Raymond James Financial lowered their price objective on Fairfax Financial from C$3,000.00 to C$2,900.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Finally, ATB Cormark Capital Markets lowered their price objective 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 report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Fairfax Financial has an average rating of “Moderate Buy” and an average price target of C$2,684.88.

Fairfax Financial Trading Down 0.0%

Shares of TSE:FFH opened at C$2,501.52 on Wednesday. Fairfax Financial has a 52 week low of C$2,066.16 and a 52 week high of C$2,700.00. The company’s 50 day moving average is C$2,301.14 and its two-hundred day moving average is C$2,315.36. The company has a market cap of C$55.96 billion, a PE ratio of 12.28, a P/E/G ratio of 0.27 and a beta of 0.34. The company has a current ratio of 2.03, a quick ratio of 0.93 and a debt-to-equity ratio of 54.38.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Thursday, July 30th. The company reported C$90.05 earnings per share (EPS) for the quarter. The business had revenue of C$18.46 billion during the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. Equities analysts predict that Fairfax Financial will post 212.30 earnings per share 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.