Fairfax Financial Holdings Limited (TSE:FFH) Given Average Recommendation of “Moderate Buy” by Brokerages

Fairfax Financial Holdings Limited (TSE:FFH) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$2,764.29.

A number of analysts recently issued reports on FFH shares. Raymond James Financial lowered their price target on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a report on Monday, November 10th. BMO Capital Markets dropped their target price on Fairfax Financial from C$2,700.00 to C$2,600.00 in a research report on Monday, November 10th. National Bankshares upped their price target on Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, Scotiabank raised their price objective on Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd.

Fairfax Financial Stock Down 0.4%

Shares of FFH opened at C$2,605.84 on Friday. The company has a market capitalization of C$57.95 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.27 and a beta of 0.35. Fairfax Financial has a 52 week low of C$1,836.92 and a 52 week high of C$2,660.00. The stock’s 50-day moving average price is C$2,403.79 and its 200-day moving average price is C$2,410.36.

Fairfax Financial (TSE:FFH) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$52.04 earnings per share (EPS) for the quarter. The company had revenue of C$17.72 billion during the quarter. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%. As a group, equities analysts anticipate 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.