Fairfax Financial (TSE:FFH) Rating Lowered to “Hold” at BMO Capital Markets

Fairfax Financial (TSE:FFH) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “hold” rating in a report issued on Thursday, MarketBeat reports. They presently have a C$2,500.00 price target on the stock, down from their previous price target of C$2,600.00. BMO Capital Markets’ target price would indicate a potential upside of 9.36% from the stock’s current price.

Several other brokerages have also recently commented on FFH. National Bankshares increased their target price 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. Raymond James Financial reduced their price target on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a research report on Monday, November 10th. Finally, Scotiabank increased their price objective on shares of Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$2,750.00.

Fairfax Financial Trading Down 1.0%

TSE FFH opened at C$2,286.04 on Thursday. Fairfax Financial has a 1-year low of C$1,836.92 and a 1-year high of C$2,700.00. The company has a 50 day moving average of C$2,475.92 and a 200-day moving average of C$2,415.99. The firm has a market cap of C$50.59 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 0.27 and a beta of 0.40.

Fairfax Financial (TSE:FFH) last announced its earnings results on Thursday, November 6th. The company reported C$52.04 EPS for the quarter. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%.The business had revenue of C$17.72 billion for the quarter. On average, analysts forecast that Fairfax Financial will post 212.3039807 earnings per share for the current 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.