Fairfax Financial (TSE:FFH) Stock Rating Lowered by BMO Capital Markets

Fairfax Financial (TSE:FFH) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday,BayStreet.CA reports. They presently have a C$2,500.00 target price on the stock, down from their previous target price of C$2,600.00. BMO Capital Markets’ target price indicates a potential upside of 8.33% from the stock’s current price.

A number of other brokerages have also weighed in on FFH. National Bankshares boosted their target price on shares of Fairfax Financial from C$3,000.00 to C$3,200.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Scotiabank upped their price objective on Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Raymond James Financial dropped their target price on Fairfax Financial from C$3,050.00 to C$2,900.00 in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$2,750.00.

Fairfax Financial Stock Performance

Shares of FFH traded down C$114.61 during mid-day trading on Thursday, reaching C$2,307.74. The company had a trading volume of 117,136 shares, compared to its average volume of 127,819. The company has a market capitalization of C$51.07 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 0.27 and a beta of 0.40. The firm has a 50-day moving average price of C$2,474.85 and a 200 day moving average price of C$2,417.91. Fairfax Financial has a 52 week low of C$1,836.92 and a 52 week high of C$2,700.00.

Fairfax Financial (TSE:FFH) last issued its earnings results on Thursday, November 6th. The company reported C$52.04 earnings per share (EPS) for the quarter. The business had revenue of C$17.72 billion during the quarter. Fairfax Financial had a net margin of 13.90% and a return on equity of 17.43%. As a group, research analysts forecast that Fairfax Financial will post 212.3039807 earnings per share for the current fiscal 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.