Fairfax Financial (TSE:FFH) Announces Earnings Results

Fairfax Financial (TSE:FFH) released its quarterly earnings results on Thursday. The company reported C$79.02 EPS for the quarter, FiscalAI reports. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%.The business had revenue of C$17.53 billion during the quarter.

Fairfax Financial Trading Up 0.5%

Shares of Fairfax Financial stock opened at C$2,337.89 on Friday. Fairfax Financial has a 12 month low of C$1,836.92 and a 12 month high of C$2,700.00. The firm has a market capitalization of C$51.73 billion, a P/E ratio of 11.32, a P/E/G ratio of 0.27 and a beta of 0.15. The business has a fifty day simple moving average of C$2,439.97 and a two-hundred day simple moving average of C$2,396.15.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FFH shares. National Bank Financial set a C$3,200.00 target price on Fairfax Financial and gave the company an “outperform” rating in a research note on Wednesday, February 4th. BMO Capital Markets cut shares of Fairfax Financial from an “outperform” rating to a “hold” rating and cut their price target for the company from C$2,600.00 to C$2,500.00 in a report on Thursday, January 22nd. Royal Bank Of Canada set a C$2,200.00 price objective on shares of Fairfax Financial and gave the stock an “outperform” rating in a report on Monday, January 26th. Raymond James Financial dropped their target price on shares of Fairfax Financial from C$3,050.00 to C$2,900.00 in a research report on Monday, November 10th. Finally, Scotiabank lifted their target price on shares of Fairfax Financial from C$3,050.00 to C$3,150.00 in a research note on Friday, January 30th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Fairfax Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$2,764.29.

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.