Fairfax Financial (TSE:FFH) Hits New 52-Week High – Here’s Why

Shares of Fairfax Financial Holdings Limited (TSE:FFH) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2,520.40 and last traded at C$2,489.75, with a volume of 35278 shares. The stock had previously closed at C$2,496.72.

Analyst Ratings Changes

Several analysts recently issued reports on FFH shares. Scotiabank upped their target price on Fairfax Financial from C$2,900.00 to C$3,050.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Raymond James Financial dropped their price objective on Fairfax Financial from C$3,050.00 to C$2,900.00 in a research note on Monday, November 10th. National Bankshares raised their target price 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 note on Monday, October 27th. Finally, BMO Capital Markets lowered 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. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$2,764.29.

Fairfax Financial Trading Up 0.0%

The company’s 50-day moving average is C$2,353.76 and its 200-day moving average is C$2,389.09. The firm has a market cap of C$55.03 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 0.27 and a beta of 0.35.

Fairfax Financial (TSE:FFH) last released its earnings results on Thursday, November 6th. The company reported C$52.04 earnings per share for the quarter. Fairfax Financial had a return on equity of 17.43% and a net margin of 13.90%.The firm had revenue of C$17.72 billion during the quarter. Equities research analysts forecast that Fairfax Financial Holdings Limited will post 212.3039807 EPS 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.