Fairfax Financial Holdings Limited (TSE:FFH) Receives C$2,764.29 Consensus PT from Brokerages

Shares of Fairfax Financial Holdings Limited (TSE:FFH) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$2,764.29.

Several research firms have recently issued reports on FFH. Cormark lowered Fairfax Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, August 6th. Raymond James Financial cut their price objective on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a research report on Monday, November 10th. BMO Capital Markets decreased their target price on shares of Fairfax Financial from C$2,700.00 to C$2,600.00 in a report on Monday, November 10th. Royal Bank Of Canada upped their target price on shares of Fairfax Financial from C$2,050.00 to C$2,200.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Finally, National Bankshares raised their price target 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 report on Monday, October 27th.

Fairfax Financial Stock Performance

FFH stock opened at C$2,402.92 on Friday. The firm has a 50 day moving average price of C$2,355.63 and a 200-day moving average price of C$2,367.85. Fairfax Financial has a 52-week low of C$1,836.92 and a 52-week high of C$2,522.33. The firm has a market capitalization of C$53.44 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.27 and a beta of 0.45.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$52.04 earnings per share for the quarter. The company had revenue of C$17.72 billion during the quarter. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%. As a group, sell-side analysts forecast that Fairfax Financial will post 212.3039807 earnings per share 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.