Fairfax Financial Holdings Limited (TSE:FFH) Receives C$2,730.14 Consensus Target Price from Brokerages

Fairfax Financial Holdings Limited (TSE:FFH) has earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$2,730.14.

FFH has been the subject of a number of research reports. National Bank Financial raised their price target on shares of Fairfax Financial from C$3,200.00 to C$3,300.00 in a report on Wednesday, April 29th. Royal Bank Of Canada upped their price objective on shares of Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Canadian Imperial Bank of Commerce set a C$2,350.00 price objective on shares of Fairfax Financial and gave the stock a “neutral” rating in a research report on Friday, June 26th. BMO Capital Markets reduced their target price on Fairfax Financial from C$2,550.00 to C$2,400.00 in a research note on Monday, May 4th. Finally, Raymond James Financial boosted their target price on Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the company an “outperform” rating in a research report on Monday, May 4th.

Fairfax Financial Price Performance

Fairfax Financial stock opened at C$2,423.61 on Friday. The stock has a market capitalization of C$49.98 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.27 and a beta of 0.36. Fairfax Financial has a 52-week low of C$2,066.16 and a 52-week high of C$2,700.00. The stock’s 50 day moving average price is C$2,263.43 and its two-hundred day moving average price is C$2,352.77. The company has a debt-to-equity ratio of 54.00, a quick ratio of 0.93 and a current ratio of 2.65.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Thursday, April 30th. The company reported C$43.25 earnings per share for the quarter. Fairfax Financial had a net margin of 15.41% and a return on equity of 17.32%. The company had revenue of C$15.57 billion during the quarter. On average, equities analysts predict 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.