Fairfax Financial (TSE:FFH) Sets New 52-Week High – Should You Buy?

Fairfax Financial Holdings Limited (TSE:FFH) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$2,724.70 and last traded at C$2,700.12, with a volume of 34,762 shares traded. The stock had previously closed at C$2,488.86.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FFH shares. RBC Dominion Securities increased their price objective on shares of Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the company an “outperform” rating in a research note on Friday, October 23rd. National Bank Financial raised their target price on Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. ATB Cormark Capital Markets cut their target price on Fairfax Financial from C$2,600.00 to C$2,500.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 8th. Finally, Raymond James Financial lowered their target price on shares of Fairfax Financial from C$3,000.00 to C$2,900.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$2,684.88.

Fairfax Financial Trading Up 10.4%

The firm has a market capitalization of C$61.48 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 0.27 and a beta of 0.34. The company has a fifty day moving average of C$2,310.46 and a 200-day moving average of C$2,314.64. The company has a debt-to-equity ratio of 54.38, a current ratio of 2.03 and a quick ratio of 0.93.

Fairfax Financial (TSE:FFH) last released its quarterly earnings results on Tuesday, November 3rd. The company reported C$61.67 earnings per share (EPS) for the quarter. The company had revenue of C$17.94 billion during the quarter. Fairfax Financial had a net margin of 13.57% and a return on equity of 16.94%. On average, sell-side analysts anticipate that Fairfax Financial Holdings Limited will post 212.30 earnings per share 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.