Fairfax Financial Holdings Ltd (FFH) to Post Q3 2017 Earnings of $12.58 Per Share, Cormark Forecasts
Fairfax Financial Holdings Ltd (TSE:FFH) – Equities researchers at Cormark lowered their Q3 2017 EPS estimates for Fairfax Financial Holdings in a research note issued to investors on Wednesday. Cormark analyst J. Fenwick now expects that the company will earn $12.58 per share for the quarter, down from their previous estimate of $30.39. Cormark also issued estimates for Fairfax Financial Holdings’ FY2017 earnings at $84.77 EPS.
Other research analysts have also recently issued research reports about the company. Fairfax Financial Holdings Ltd. boosted their price objective on Fairfax Financial Holdings from C$525.00 to C$550.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 16th. BMO Capital Markets dropped their price target on Fairfax Financial Holdings from C$700.00 to C$670.00 and set a “market perform” rating on the stock in a research report on Friday, August 25th. CIBC upped their price target on Fairfax Financial Holdings from C$625.00 to C$675.00 in a research report on Friday, October 13th. Finally, Royal Bank Of Canada upped their price target on Fairfax Financial Holdings from C$525.00 to C$550.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$611.25.
Shares of Fairfax Financial Holdings (TSE FFH) opened at 664.42 on Friday. The company has a 50-day moving average price of $635.96 and a 200-day moving average price of $606.08. The company’s market cap is $15.31 billion. Fairfax Financial Holdings has a 1-year low of $547.95 and a 1-year high of $708.72.
Fairfax Financial Holdings Company Profile
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. It operates through Insurance and Reinsurance, Runoff, and Other segments. The company also underwrites specialty insurance and reinsurance; develops, produces, markets, and distributes television programs; and owns and operates premium dining restaurants and holiday resorts.
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