Fairfax Financial (TSE:FFH) Price Target Lowered to C$2,400.00 at BMO Capital Markets

Fairfax Financial (TSE:FFH) had its price target reduced by equities researchers at BMO Capital Markets from C$2,550.00 to C$2,400.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 7.75% from the company’s current price.

FFH has been the subject of several other reports. ATB Cormark Capital Markets increased their target price on Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. Scotiabank increased their target price on Fairfax Financial from C$3,050.00 to C$3,150.00 in a report on Friday, January 30th. Royal Bank Of Canada increased their target price on Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Finally, National Bank Financial increased their target price on Fairfax Financial from C$3,200.00 to C$3,300.00 in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$2,780.14.

Fairfax Financial Price Performance

Shares of FFH traded up C$57.04 during midday trading on Monday, reaching C$2,227.32. The stock had a trading volume of 53,862 shares, compared to its average volume of 86,579. The company’s 50-day moving average is C$2,358.22 and its 200 day moving average is C$2,379.60. Fairfax Financial has a 12-month low of C$2,145.00 and a 12-month high of C$2,700.00. The company has a current ratio of 2.65, a quick ratio of 0.93 and a debt-to-equity ratio of 54.00. The company has a market capitalization of C$47.77 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 0.27 and a beta of 0.33.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$43.25 earnings per share (EPS) for the quarter. Fairfax Financial had a return on equity of 17.32% and a net margin of 15.41%.The firm 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.

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.