Fairfax Financial Holdings Limited (TSE:FFH) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Fairfax Financial Holdings Limited (TSE:FFH) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$2,743.75.

Several brokerages have commented on FFH. ATB Cormark Capital Markets boosted their price target on shares of Fairfax Financial from C$2,500.00 to C$2,600.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Scotiabank increased their target price on shares of Fairfax Financial from C$3,050.00 to C$3,150.00 in a research note on Friday, January 30th. National Bank Financial set a C$3,200.00 target price on shares of Fairfax Financial and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Royal Bank Of Canada set a C$2,200.00 target price on Fairfax Financial and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, BMO Capital Markets lowered Fairfax Financial from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$2,600.00 to C$2,500.00 in a research report on Thursday, January 22nd.

Fairfax Financial Trading Down 1.5%

Shares of TSE:FFH opened at C$2,344.86 on Friday. Fairfax Financial has a twelve month low of C$1,836.92 and a twelve month high of C$2,700.00. The firm has a market cap of C$50.29 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.27 and a beta of 0.39. The company has a 50 day moving average of C$2,332.62 and a 200-day moving average of C$2,387.69.

Fairfax Financial (TSE:FFH) last announced its earnings results on Thursday, February 19th. The company reported C$79.02 EPS for the quarter. Fairfax Financial had a return on equity of 18.62% and a net margin of 15.70%.The firm had revenue of C$17.53 billion for the quarter. Equities research analysts forecast that Fairfax Financial will post 212.3039807 EPS for the current year.

Fairfax Financial Company Profile

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.