Fairfax Financial (TSE:FFH) Upgraded at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Fairfax Financial (TSE:FFH) from a hold rating to a moderate buy rating in a report released on Wednesday morning, MarketBeat.com reports. They currently have C$2,850.00 price objective on the stock, up from their prior price objective of C$2,500.00.

Other analysts have also issued reports about the stock. RBC Dominion Securities upped their price target on shares of Fairfax Financial from C$2,223.00 to C$2,318.00 and gave the stock an “outperform” rating in a research note on Friday, October 23rd. National Bank Financial boosted their target price on 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. Finally, Raymond James Financial lowered their price target on Fairfax Financial from C$3,000.00 to C$2,900.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$2,905.89.

Fairfax Financial Stock Performance

FFH stock traded down C$37.13 during trading on Wednesday, reaching C$2,673.14. 56,702 shares of the company’s stock were exchanged, compared to its average volume of 70,355. The company has a quick ratio of 0.93, a current ratio of 1.97 and a debt-to-equity ratio of 55.48. Fairfax Financial has a 1-year low of C$2,066.16 and a 1-year high of C$2,788.03. The company’s fifty day moving average price is C$2,337.24 and its 200-day moving average price is C$2,318.26. The firm has a market cap of C$59.80 billion, a PE ratio of 13.12, a P/E/G ratio of 0.27 and a beta of 0.44.

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