Fairfax Financial Holdings Ltd Subordinate Voting Shares (FFH) Price Target Cut to C$675.00 by Analysts at Cormark

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Fairfax Financial Holdings Ltd Subordinate Voting Shares (TSE:FFH) had its price objective trimmed by Cormark from C$725.00 to C$675.00 in a research note issued to investors on Thursday. Cormark also issued estimates for Fairfax Financial Holdings Ltd Subordinate Voting Shares’ Q1 2019 earnings at $14.04 EPS, Q2 2019 earnings at $15.14 EPS, Q3 2019 earnings at $15.87 EPS, Q4 2019 earnings at $16.49 EPS and FY2019 earnings at $61.55 EPS.

Several other brokerages have also issued reports on FFH. CIBC dropped their price target on Fairfax Financial Holdings Ltd Subordinate Voting Shares from C$750.00 to C$725.00 in a research note on Monday, November 5th. BMO Capital Markets dropped their price target on Fairfax Financial Holdings Ltd Subordinate Voting Shares from C$770.00 to C$720.00 in a research note on Friday, November 2nd. Finally, Royal Bank of Canada dropped their price target on Fairfax Financial Holdings Ltd Subordinate Voting Shares from C$650.00 to C$625.00 and set an outperform rating on the stock in a research note on Monday, November 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of C$720.00.

FFH stock traded up C$3.40 during trading on Thursday, hitting C$603.40. The company had a trading volume of 36,086 shares, compared to its average volume of 84,554. Fairfax Financial Holdings Ltd Subordinate Voting Shares has a one year low of C$565.99 and a one year high of C$788.88. The company has a current ratio of 2.00, a quick ratio of 1.25 and a debt-to-equity ratio of 36.63.

Fairfax Financial Holdings Ltd Subordinate Voting Shares (TSE:FFH) last announced its earnings results on Thursday, November 1st. The company reported C$11.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$14.60 by C($3.38). The company had revenue of C$5.80 billion during the quarter, compared to analyst estimates of C$5.49 billion. As a group, equities analysts anticipate that Fairfax Financial Holdings Ltd Subordinate Voting Shares will post 42.7099994803168 EPS for the current year.

The firm also recently declared an annual dividend, which will be paid on Monday, January 28th. Shareholders of record on Monday, January 28th will be paid a $10.00 dividend. This represents a yield of 1.71%. The ex-dividend date is Thursday, January 17th. Fairfax Financial Holdings Ltd Subordinate Voting Shares’s dividend payout ratio (DPR) is presently 16.96%.

About Fairfax Financial Holdings Ltd Subordinate Voting Shares

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company also underwrites specialty insurance and reinsurance; develops, produces, markets, and distributes television programs; and franchises, owns, and operates dining restaurants and holiday resorts.

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Analyst Recommendations for Fairfax Financial Holdings Ltd Subordinate Voting Shares (TSE:FFH)

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