Fairfax Financial Holdings Ltd to Post Q3 2017 Earnings of $30.39 Per Share, Cormark Forecasts (FFH)
Fairfax Financial Holdings Ltd (TSE:FFH) – Research analysts at Cormark lifted their Q3 2017 earnings per share (EPS) estimates for Fairfax Financial Holdings in a research note issued on Friday. Cormark analyst J. Fenwick now expects that the company will post earnings of $30.39 per share for the quarter, up from their previous forecast of $29.65. Cormark also issued estimates for Fairfax Financial Holdings’ FY2017 earnings at $63.50 EPS, Q1 2018 earnings at $13.18 EPS, Q2 2018 earnings at $15.09 EPS, Q3 2018 earnings at $16.31 EPS, Q4 2018 earnings at $18.09 EPS and FY2018 earnings at $62.66 EPS.
A number of other analysts also recently issued reports on the company. Royal Bank Of Canada cut their price objective on Fairfax Financial Holdings from C$716.00 to C$550.00 and set an “outperform” rating for the company in a research report on Monday, May 1st. CIBC upgraded Fairfax Financial Holdings from an “underperform” rating to a “neutral” rating and set a C$600.00 target price for the company in a report on Monday, July 24th. BMO Capital Markets decreased their price objective on Fairfax Financial Holdings from C$700.00 to C$670.00 and set a “market perform” rating for the company in a research note on Friday. Finally, Fairfax Financial Holdings Ltd. lifted their price objective on Fairfax Financial Holdings from C$525.00 to C$550.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Fairfax Financial Holdings currently has an average rating of “Buy” and a consensus target price of C$592.50.
Shares of Fairfax Financial Holdings (FFH) opened at 635.85 on Monday. Fairfax Financial Holdings has a 52 week low of $547.95 and a 52 week high of $777.45. The stock has a 50 day moving average of $589.85 and a 200-day moving average of $600.80. The stock’s market cap is $14.66 billion.
In other news, Director F. Brian Bradstreet bought 1,000 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were bought at an average cost of C$562.42 per share, for a total transaction of C$562,420.00. Also, Director Michael Wacek bought 499 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were purchased at an average price of C$420.00 per share, for a total transaction of C$209,580.00.
About Fairfax Financial Holdings
Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. It operates through Insurance and Reinsurance, Runoff, and Other segments. The company also underwrites specialty insurance and reinsurance; develops, produces, markets, and distributes television programs; and owns and operates premium dining restaurants and holiday resorts.
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