Fairfax Financial Holdings Limited (TSE:FFH) Stock Has Average Price Target of C$2,684.88 According to Brokerages

Shares of Fairfax Financial Holdings Limited (TSE:FFH) have been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$2,905.89.

A number of research analysts have issued reports on the company. Raymond James Financial lifted their price objective on Fairfax Financial from C$2,900.00 to C$3,150.00 and gave the company an “outperform” rating in a research note on Thursday. RBC Dominion Securities upped their target price 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. Scotia upped their price target on shares of Fairfax Financial from C$2,950.00 to C$3,000.00 and gave the company a “sector outperform” rating in a report on Thursday. Royal Bank Of Canada raised their target price on shares of Fairfax Financial from C$3,254.00 to C$3,335.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, National Bank Financial boosted their price target on shares of Fairfax Financial from C$3,450.00 to C$3,600.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th.

Fairfax Financial Trading Down 1.4%

TSE:FFH opened at C$2,673.14 on Friday. The firm has a fifty day simple moving average of C$2,337.24 and a 200-day simple moving average of C$2,318.26. Fairfax Financial has a 12 month low of C$2,066.16 and a 12 month high of C$2,788.03. The company has a market capitalization of C$59.80 billion, a P/E ratio of 13.12, a PEG ratio of 0.27 and a beta of 0.44. The company has a current ratio of 1.97, a quick ratio of 0.93 and a debt-to-equity ratio of 55.48.

Fairfax Financial (TSE:FFH) last issued its earnings results on Tuesday, November 3rd. The company reported C$61.67 EPS for the quarter. Fairfax Financial had a net margin of 11.53% and a return on equity of 16.00%. The business had revenue of C$17.94 billion for the quarter. On average, equities research analysts anticipate that Fairfax Financial will post 212.30 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.