Fairfax Financial (TSE:FFH) Given New C$2,600.00 Price Target at ATB Cormark Capital Markets

Fairfax Financial (TSE:FFH) had its target price lifted by stock analysts at ATB Cormark Capital Markets from C$2,500.00 to C$2,600.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price indicates a potential upside of 11.05% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Scotiabank boosted their target price on shares of Fairfax Financial from C$3,050.00 to C$3,150.00 in a report on Friday, January 30th. BMO Capital Markets downgraded shares of Fairfax Financial from an “outperform” rating to a “hold” rating and reduced their price target for the company from C$2,600.00 to C$2,500.00 in a report on Thursday, January 22nd. Raymond James Financial dropped their price objective on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a report on Monday, November 10th. National Bank Financial set a C$3,200.00 price objective on Fairfax Financial and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada set a C$2,200.00 target price on Fairfax Financial and gave the stock an “outperform” rating in a report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Fairfax Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$2,743.75.

Fairfax Financial Price Performance

Shares of TSE FFH traded up C$3.48 during mid-day trading on Monday, reaching C$2,341.37. The company’s stock had a trading volume of 29,261 shares, compared to its average volume of 99,765. Fairfax Financial has a 52 week low of C$1,836.92 and a 52 week high of C$2,700.00. The stock has a fifty day moving average of C$2,439.97 and a two-hundred day moving average of C$2,396.02. The firm has a market capitalization of C$51.81 billion, a PE ratio of 11.34, a P/E/G ratio of 0.27 and a beta of 0.15.

Fairfax Financial (TSE:FFH) last issued its earnings results on Thursday, February 19th. The company reported C$79.02 earnings per share (EPS) for the quarter. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%.The company had revenue of C$17.53 billion for the quarter. Analysts anticipate that Fairfax Financial will post 212.3039807 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.