Raymond James Financial Forecasts Strong Price Appreciation for Fairfax Financial (TSE:FFH) Stock

Fairfax Financial (TSE:FFH) had its price target raised by equities researchers at Raymond James Financial from C$2,900.00 to C$3,150.00 in a report released on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial‘s price objective would suggest a potential upside of 17.84% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Scotia lifted their target price on shares of Fairfax Financial from C$2,950.00 to C$3,000.00 and gave the stock a “sector outperform” rating in a research report on Thursday. ATB Cormark Capital Markets raised Fairfax Financial from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$2,500.00 to C$2,850.00 in a report on Wednesday. RBC Dominion Securities increased 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 report on Friday, October 23rd. Finally, National Bank Financial increased their price target on Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$2,905.89.

Fairfax Financial Stock Down 1.4%

Shares of TSE FFH traded down C$37.13 during trading on Thursday, hitting C$2,673.14. The stock had a trading volume of 56,702 shares, compared to its average volume of 70,355. The firm has a fifty day moving average of C$2,337.24 and a two-hundred day moving average of C$2,318.26. The company has a market capitalization of C$59.80 billion, a PE ratio of 13.12, a PEG ratio of 0.27 and a beta of 0.44. The company has a debt-to-equity ratio of 55.48, a current ratio of 1.97 and a quick ratio of 0.93. Fairfax Financial has a 12 month low of C$2,066.16 and a 12 month high of C$2,788.03.

Fairfax Financial (TSE:FFH) last released its quarterly earnings results on Tuesday, November 3rd. The company reported C$61.67 earnings per share for the quarter. Fairfax Financial had a net margin of 11.53% and a return on equity of 16.00%. The business had revenue of C$17.94 billion for the quarter. As a group, equities research analysts forecast that Fairfax Financial will post 212.30 EPS for the current fiscal year.

About Fairfax Financial

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.