Fairfax Financial Holdings Limited (TSE:FFH) Stock Has Average Target Price of C$2,751.57

Fairfax Financial Holdings Limited (TSE:FFH) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$2,737.29.

Several analysts have recently weighed in on the stock. ATB Cormark Capital Markets decreased their price target on shares of Fairfax Financial from C$2,600.00 to C$2,500.00 and set a “sector perform” rating for the company in a research note on Thursday, October 8th. National Bank Financial increased their price objective on Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce set a C$2,350.00 price objective on Fairfax Financial and gave the stock a “neutral” rating in a report on Friday, June 26th.

Fairfax Financial Price Performance

Shares of TSE:FFH opened at C$2,250.89 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 0.93 and a debt-to-equity ratio of 54.38. Fairfax Financial has a 12 month low of C$2,066.16 and a 12 month high of C$2,700.00. The company has a 50-day moving average price of C$2,266.21 and a 200 day moving average price of C$2,296.28. The company has a market cap of C$50.36 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.27 and a beta of 0.34.

Fairfax Financial (TSE:FFH) last released its quarterly earnings results on Thursday, July 30th. The company reported C$90.05 earnings per share for the quarter. Fairfax Financial had a return on equity of 16.94% and a net margin of 13.57%. The company had revenue of C$18.46 billion for the quarter. As a group, equities research analysts predict that Fairfax Financial will post 212.30 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.